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How might fiscal illusion help to explain citizens' willingness to let government activity grow faster than the economy as a whole?
If you worked for a Congressional committee that was considering an across-the-board tax cut. What kinds of data might you use to argue against it?
What has happened to federal defense spending-total, inflation-adjusted, and per capita-since the early 1980s?
What would tend to happen to government revenue over the course of a business cycle? How would they track growth of income over the long term?
How is the mix of various kinds of passenger transportation different between countries? Why do you think that is the case?
What are the advantages and drawbacks of presenting the surplus or deficit on the basis of the unified budget rather than the operating budget passed?
What kind of answer would make growth look slowest? What kind would make it look fastest?
In deciding how to spend unexpected additional revenue in a city? Whose job is it to narrow the choices that are presented to voters or city officials?
Review the list of eight tools for responding to market failure and consider whether and how each is or could be used to address this problem.
How else might you try to measure changes in the economic importance of government relative to private activity?
How does the absence of a residual claimant tend to make governments less efficient than private firms?
In what way is this choice an efficiency question? In what way might it be an equity question?
Why do you think the private sector failed to meet this need? Do you see any drawbacks to government intervention in this area?
How is your analysis of who should foot the bill affected by the fact that many of the Irish bank creditors were foreign (many in the EU).
How might this problem be resolved, or resolve itself, going forward? Does the EM decision to accumulate the reserves look like a wise one, after the fact?
What is the probability of default in Delinquia? What does Delinquia consume in disaster years? In non disaster years?
Explain how empirical evidence and theoretical arguments might counter this assertion.
Calculate the Sharpe ratio for these trades. Based on these data, does the forex market in question satisfy EMH?
Explain the logic behind this statement. Use the examples of Slovakia and China to illustrate your argument.
What is the Poor land wage in PP per day? In R$ per day? What is the ratio of Poor land to Richland wages in a common currency?
How are these convergence criteria related to the potential benefits and costs associated with joining a currency union?
Why countries with less independent central banks tend to have higher inflation rates? Is possible for central bank to increase output and reduce unemployment?
Which central bank has more independence to pursue price stability as a primary objective? Explain.
Based on this information, discuss the OCA criteria for this group of countries. What are the greatest potential benefits? What are the potential costs?
What are the advantages and disadvantages of this approach? What do you think would be the objections to that approach in the United States?