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Contrast the effects of taxing capital income at the rate τ in the Solow growth model and the neoclassical growth model. Show that capital income taxes have no effect in the former, while they depress the effective capital-labor ratio in the latter. Explain why there is such a difference.
What do the stories, "Young Goodman Brown," "Dead Man's Path," and "A Very Old Man with Enormous Wings" imply about people who claim to be religious? Is this a positive view of worship or a negative view?
E-loan,an online lending service,recently offered 48month auto loan at 4.8% compounded monthly to applicants with good credit rating. If you havae a good credit rating and can afford monthly payments of $480.
In many states with lotteries, people can take their winnings in a single, discounted, lump-sum payment or in a series of annual payments for 20 to30 years. What factors should a winner consider in determining how to take the money
illustrate the U.S. wholesale market for roses. Show on the graph the equilibrium in that market with no international trade and the equilibrium with free trade. Mark on the graph the quantity of roses produced in the United States
The following table presents data on three leading indicators for a three-month period. Construct the composite index (with each indicator assigned equal weight) and the diffusion index. Month Leading Indicator A Leading Indicator B Le..
Why is the optimal value of γ not equal to some γ∗ ≥ 1/(1- β)? Provide an interpretation in terms of the trade-off between level and growth effects.
Demand for flower bouquets in a suburban town is described by: QD = 50 - 5 P + 2 Y, where Q is quantity, P is price per unit, and Y is an index of consumer income. Similarly, supply is described by QS = 10 P - 5.
What is the value added at each stage of production? Using the value-added approach, what is GDP? c. What are the total wages and profits earned? Using the income approach, what is GDP?
Could conflict minerals be excluded from the global supply chain without hurting the noncombatant citizens of the DRC?
Suppose that there is a negative externality in the market for trout in Colorado. Letting Q represent pounds of trout, explain (using graphs and words) why government intervention in the market for trout may be appropriate.
1 ten years ago a machine cost 800000. now the same machine costs 1200000. calculate the average rate of inflation per
if the economy is at point c, what is the cost of one more automobiles of one more forklifts which characteristics of the production curve reflects the law of increasing opportunity costs: its shape or its length
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