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When the Federal Republic of Germany (West Germany) absorbed the German Democratic Republic (East Germany) in 1990, residents of East Germany had accumulated large amounts of savings. Papers in the United States explored why East Germans saved so much. The indications were that time, rather than money, was the constraining factor in most consumption. Constant shortages and inefficiencies in providing goods forced the East Germans to wait in long lines in order to purchase most goods. Time spent waiting for meat was unavailable to use to wait for milk, bread or televisions. Draw 2 constraints on one indifference graph, one for money and one for time, with waiting in line the "price" of a good in terms of time. How does this show that residents of East Germany would save lots of their income?
Assume an endogenous growth model with labour augmenting technology.
Illustrate what would be a simple options strategy utilizing a put and a call to exploit your conviction about the stock price"s future movement.
The firm's vice president for manufacturing hires you to out illustrate what combination of inputs the plant should use to produce 20 units of output per period. What advice would you give.
Elucidate is the efficient yearly output of paper and how can this be achieved.
no government transfer payments, taxes of $210 million merits, a budget surplus of $60 billion merits, and investment of $100 billion merits. Illustrate what were its consumption and government expenditures on goods and services
Suppose the Quick Towing Company purchases a new tow truck. The old truck had a book value of $1,000 and was sold for $1,420. If Quick Towing is in the 34 percent marginal tax bracket, what is the tax liability on the sale of the truck? What is the a..
q. 1. what is the base year used to calculate the official consumer price index?2. what was the consumer price index in
Illustrate what "alternative procedures" or unorthodox methods can be used to get around steps in the traditional process, especially for priority or controversial bills.
List the three reasons Adam Smith offered for reason how a group of workers, each specialized in certain tasks, produce so much more than the same number of workers who try to produce the entire good or services by themselves?
assume which the benefit to the villagers of each additional cow grazing on the commons declines as more cows graze
Elucidate how Levitt devised a means of examining student test scores to uncover evidence of cheating teachers. Explain also why Levitt's analysis of the data constituted evidence, but not proof, of cheating.
Which decision should Paul make using the expected utility approach? Compare with the decision using the expected value approach.
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