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How can tax cuts help revive the economy? Explain. Your answers Your answers must include discretionary fiscal policy, expansionary fiscal policy, tax multiplier, Aggregate Demand-some-not all--of t
Describe and analyse the optimal decision problem of a worker who searches for a job. use two separate diagrams to represent situations with and without on-the-job search.
When demand is elastic in the current price range,
Using the Diamond-Water Paradox as a guide, use two other goods of your choice to illustrate the concept and explain the roles played by total utility and marginal utility.
In the context of Solow's growth model, assume India can be described by f(k) = k^(2/3), s = 20%, and δ = 5%, in both periods 1990-95 and 2005-10. Calculate the steady state level of per capit
Equilibrium quantity in markets characterized by oligopoly are higher than in monopoly markets and higher than in perfectly competitive markets.
As a policy maker concerned with correcting the effects of gases and particulates emitted by and local power plant, answer the following questions:
Explain why the following situations would occur in terms of the factors that affect elasticity. Demand for cellular service is inelastic in the short run, but more elastic in the long run.
Suppose a teenager has $20 and likes both rap music (R) and country music (C) with a set of preferences so that U = C1/2R1/2. Suppose that the iTunes price of a rap music song is and the price of a
Indicate which of these costs (even if not incurred in June) are fixed costs or variable costs by typing an F or V in the third column. How much is Sue's COGS per unit? (For this question you should
Give me all the advantages of pollution permits for my economics debate. Also a few statistics would be nice and some bad points about tax
Describe the operation of a business in terms of factor markets and product markets
Discuss the impact of globalization on the firm's cost structure, markets, currency risk, and overall strategy. Be sure to provide a definition of globalization in your answer.
When 3 household fish in the lake the total income of the village is large than the one you found in part (a) what prevented the villagers from reaching this higher-income allocation of resurces whe
Which country do you think will have the greatest percentage increase in demand for baby diapers in the year 2050? For retirement villages? Which country do you think will have the greatest absolute
In a well-developed five to eight sentence paragraph, discuss the difference between GDP and GNP. Your essay should include a definition of both, specific examples of what could affect each,
Discuss the Arrow-Pratt measures of risk-aversion, both absolute (r) and relative. Discuss the characteristics of optimal contracts in principal-agent problems when the agent (manager) is risk neutral
we know that US producer output would increase, imports would decline, and prices would rise. What economic arguments can you present in support of your position?
A devastating earthquake destroys numerous production facilities and the state of California disappears into the Pacific Ocean. How, if at all, will this affect our nation's production possibilities
Use the production possibilities frontier (PFF) to determine economic growth. With consumption goods on one axis and capital goods on the other, show how the combination of goods selected this period
Define gross domestic product. Determine whether each of the following would be included in the 2007 U.S. gross domestic product.
An unexpected sporting event held nearby resulted in a huge increase in sales. She calls her company's distribution manager and requests a special delivery for her customer. Jenny is providing the i
Government data that computes averages, such as the consumer price index, are applicable to everyone. For example, the inflation rate since this time last year is reported to be 1.7%.
Briefly discuss the "liberty" and "security" concerns relating to border security. Where is Guantanamo Bay? Why is it being used to hold "illegal combatants" instead of a military prison in the Unit
At te encc of te you discover that the catch was low and that fish prices had increased to 5.00 per pound but fruit price stayed at 1.50 and meat prices had actually fallen to 2.00 can you say what