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Review Chinese and Japanese economic history in this week's assigned readings. Identify and analyze the differences between the macroeconomic schools of thought that have guided economic development in the two countries during the past 50 years and explain how each has helped and/or hindered the respective economies. What variables could help explain how each of these countries has exemplified catch-up theory over the past 50 years?
Your paper should be three to four pages in length and cite at least two credible sources other than (or in addition to) assigned readings from the course.
If older workers have a tax elasticity of labor supply equal to 0.20, by how much will their work activity decline when they reach the Social Security earnings test limit? (Recall that the Social Security earnings test limit is 50 percent. Assum..
consider the following simple linear regression model.yi beta1 beta2xi ei i 1... npart i we are trying to find the
Show the effect on : imports, Canadian production, consumption, the government's revenue, the change in (Canadian) producer surplus, consumer surplus, and total surplus.
Assume a country that basically consumes 100 pairs of shoes per hour, all of which are imported. The price of shoes is $40 per pair before a ban on importing them is imposed.
In 3- 4 paragraphs, give an example of a positive and a negative externality. Would a Coasean solution resolve the economic efficiency of the externalities you cite? Why or why not?
Explain how the factor changed since the recession began in December 2007 and under aggregate supply discuss institutional changes that alter the efficiency of resources.
In the keynesian cross, the consumption function is c=200+0.75(Y-T). planned investment is 100, govt purchase and tax are both 100.
Consider the market for ABC Company's stock. What should happen to the stock for this company if there is a rumor that the company is set to merge with another very profitable company?
Make sure you indicate the horizontal and vertical intercepts. Now, suppose the local government is considering two health plans. Under plan A, the government will give out vouchers worth 2 free visits to the doctor.
1. For each of the following economic conditions, place an X in the table to indicate the appropriate range in the Aggregate Supply Curve
demand for potatoes is given by qd 109p withq measured in tons. the supply of potatoes is given by qsp2.a
What is the current GDP growth rate for the U.S.? Examine the trend over the past few years. What trends interest you? What stage of the Business Cycle would the U.S. economy be in currently given the trends?
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