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The following questions could be used as guidelines for your research paper:The cash-for-clunkers program: objectives and results. Did the car companies ripped the benefits of the program?
Critically discuss the strengths and weaknesses of using per capita national income (even once adjusted for purchasing power parity) as a measure of welfare.
Describe the sources of the recent housing price “bubble”? Provide a chart if necessary?
construct the period-t budget constraint of the consumer, and provide a ONE-SENTENCE economic comparison of this budget constraint to that in our study of stock-market pricing.
Based on the given Lagrangian, compute the representative consumer’s first-order conditions with respect to consumption and with respect to labor. Clearly present the important steps and logic
Set up a lifetime Lagrangian formulation for the representative consumer’s lifetime utility maximization problem. Define any new notation you introduce.
Assume that the U.S. income level rises at a much higher rate than does the Canadian income level. Other things being equal, how should this affect the (a) U.S. demand for Canadian dollars, (b) supply
Which of the following will be classed as the expansionary fiscal policy? An increase in the money supply, A reduction in the number of goods exempted from VAT, An increase in government taxation, An
If 2000 is the base year for real GDP calculations, we know for certain that nominal GDP is less than real GDP in 2000, is greater than real GDP in 2000, equals real GDP in 2000, in 1999 will be grea
What is GDP? Discuss the two ways in which it is measured, and why the two ways must come to the same result. Taking the most common measure, what are its components (i.e. what is GDP composed of)?
According to Marx, capitalism was doomed. Explain why. Why does capitalism still exist?
What is meant by the term steady state in the Solow model? Describe how Golden Rule is distinct from steady state.
Describe the concept of steady state growth in the Solow model with suitable diagram. Show that the golden rule of Phelps is not a steady state.
Under what conditions does an economy realize steady state? In the neo-classical growth model describe how Golden Rule is distinct from steady state.
Graph the two-period budget constraint for consumption. What is the slope? Is this tax distortionary?
Determine the optimal level of investment for a household when i = 10%, and there is no depreciation. Is the economy at an optimal level of investment in period 1? Would an introduction of an invest
In the absence of monetary policy and the exchange rate as stabilization instruments and given the monetary policy stance of the monetary union, briefly discuss the feasibility of using fiscal polic
Discuss a typical firm’s preferred market structure and pricing policy for maximizing its economic profit potential.
What indicates that, even though the unemployment rate is falling, the labor market still not be very strong? Explain how a falling labor force participation rate may lead to lower unemployment.
Consider a simple one-period, closed-economy model where the representative consumer has utility function U(C,l) = C1/2l1/2 and has h available hours to divide between work and leisure. Define a compe
What do you think is the likely impact on the amount of tax revenue the government will raiseto pay for health care. On the health of consumers.
Determine whether the following statements are right or wrong “As long as consumers are willing to pay the positive price for a good, the larger is quantity produced, the greater is the total s
Assume the objective is to maintain purchasing power stable. Will utility be maximized.
What was the Neolithic Revolution. Give explanation carefully what essential changes caused this "Revolution" and what essential changes in property rights accompanied it.
Compute the consumer surplus at the equilibrium price. Compute the producer surplus at the equilibrium price. government imposes a tax of $8 per each pound sold, paid by the consumers. In this case,