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1. Explain the changes in welfare caused by the "Personal Responsibility and Work Reconciliation Act" of 1996. 2. To what extent do you think U.S. income distribution is determined by economic factors? Use the material developed in this unit to inform your (positive) position. To what extent do you think the U.S. income distribution should be determined by economic factors? Use the material developed in this unit to inform your (normative) position.
what are the problems with inflation itself? be specific. is the real inflation that consumers have in their real-life
Explain two different markets where has been a market disequilibrium. That is, there is a shortage or a surplus. Briefly explain the supply and demand curve.
the factors that cause shifts in supply and the importance of demand are examined.what is the law of supply and what
suppose the production function is given by y 4x1 x2. if the factor prices are 4 for factor 1 and 2 for factor 2 how
Consider three markets: M1, M2, and M3. There are features of these markets that the Department of Justice observes and features the Department of Justice does not observe. The DOJ observes that M1, M2, and M3 have one
explain why the cost structure associated with many kinds of information goods and services might imply a market
Use a diagram to show consumer surplus price of 8.00and production of 6 million meals per day. If price remain at 8.00but production were cut to 3 million meals per day.
north bend currently has one mcdonalds fast-food franchise. demand for hamburgers in north bend is givenby q 300 -
Arnold Corporation has been authorized to issue 40,000 shares of $100 par value, 8%,noncumulative preferred stock and 2,000,000 shares of no-par common stock
What is the Sharpe ratio on a portfolio of US Stocks and what is the lowest value for such that these numbers from the data are consistent with equation (2)?
the palms dry cleaning shop in fort lauderdale florida faces a highly seasonal demand for its services as the
Does this make economic sense? Explain the rationale behind equal prices for unequal distances in air travel using supply, demand, and cost curves.
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