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What do economists mean when we talk about the dynamic moral hazard problem in healthcare? How is it related to the static moral hazard problem?
The monetary base is ?$79billion, and nominal income is $4,700 billion. Determine the value of the money multiplier.
q1. what are the impacts of demand? what happens to the demand curve when each of these determinants changes?
Diseconomies of scale exist whenever long-run average costs:
Kevin’s utility function is U(x, y) = x a + y b , where a ≥ 0 and b ≥ 0. What additional restrictions on the values of the parameters a and b are imposed by each of the following assumptions? Kevin’s preferences are homothetic. Kevin’s preferences ar..
Elucidate what happen in the short run to market supply and demand curves, market price, the firm's output, the firm's profit.
Identify a company that you believe acts in a socially responsible manner, and describe some of the actions that they undertake in doing so. What benefits might be expected to result from these actions?
Using the information above, what is the value of private saving and public saving?
Illustrate what is the producer's profit-maximizing(loss-minimizing) output level. Illustrate what are the firm's economic profits.
Select two major ethical theories covered in your readings for Week One. What are the major differences between these two theories? Which one of these theories is most aligned to your personal beliefs? Explain.
Market demand is Q = 335 - p and the firms play Cournot. What is the Herfindahl-Hirschman Index of the industry?
What is the relationship between rate-of-return and bubbles. Is it correct to say that in Chinese housing market, because the rate of return is increasing, bubbles will naturally arise and growing? Can you explain it, why?
The income share data below for Indonesia is from the World Bank, although it has been rounded very freely. Will anything happen to the Lorenz curve? Illustrate and explain in a few words. If you’re not sure, do a calculation for one quintile and see..
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