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Explain the liberal perspective on markets and the state with specific reference to the Keynes/Hayek debate. Why are the differences between them vital for understanding contemporary international political economy?
How would you evaluate monetary policy and fiscal policy today? Is monetary policy contradictory with fiscal policy? Why or Why not? Support your analysis with examples.
suppose a worker is offered a wage of 5 per hour plus a fixed payment of 40. what is the equation for the worker
Then suppose Income increases to 1261 and Pinputs increases to 144. Elucidate how large is the change in the equilibrium price.
Suppose tariffs of $2 were imposed. Calculate the effect on producer surplus, consumer surplus, government revenue and the deadweight loss.
Fiscal approach was expansionary because the full-employment budget deficit increased from one yr to the next.
In your opinion, discuss when it makes sense to forego purchasing car insurance (assuming the state did not require it). In your answer, use moral hazard and risk aversion to describe your decision.
Explain and illustrate graphically relationship between price consumption curve of a normal good and a consumer's demand curve.
Market failure is the inability of
How many Argentine pesos would it cost given the new exchange rate you just calculated.
Provide an example for each about decision-making, interaction and workings or economy. Elucidate how that influences marginal profits and marginal costs associated with decision to purchase a new home.
Identify the point on the budget constraint this worker has chosen. Elucidate how much is he working every day.
What are the limits of the study? Write at least one paragraph. There are two deliverables for this Case Problem, the Excel spreadsheet and the written description/explanation. Please submit both of them electronically via the dropbox.
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