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Question: 1. Explain how the incentives effects of each of the following hypothetical taxes would cause people to change their behaviour; be sure to explain what people are likely to do less of and what they are likely to do more of in response to each tax:
a. A $1,000,000-per story tax on all office buildings more than two stories tall
b. A $ 2,000-per-car-tax on all red (and only red)cars
c. A $100-per book tax on all new college textbooks
Discuss whether or not workers are exploited in manufacturing of US imports. In your response consider whether they are better off in that type of job or an alternative.
a. Draw a timeline of the game. What is the ex-ante period and the ex-post period in this model? b. What is the first-best level of investment? Explain.
What groups in society would you expect to be the most enthusiastic about Adam Smith's ideas? Why? What groups might be expected to oppose them?
The Speed Cash System is used to transfer money from one place to another within a day. This is basically used to speed up the money transfer. The necessary information for the money transfer from the source bank to the destination bank is sent in..
Suppose that a union is able to successfully organize a boycott of products produced by workers in foreign sweatshops. Will this affect the own-wage elasticity of labor demand for union workers? If so, how? Which Hicks-Marshall law applies? Does t..
Why do companies cut production when they find that their unplanned inventory investment is greater than zero? If they didn’t t cut production, what effect would this have on their profits? Why?
Public Affairs 854 Fall 2014 - Problem Set 2. Calculate the change in income for a given change in money supply, Δ(M/P) (you can assume that the price level P is fixed at 1)
For the protons labeled Ha and Hb in the structure below, predict the characteristics of their signals in the 1H NMR spectrum: the approximate chemical shift, the splitting pattern, and the integration value of their signals.
a. Draw the production possibility curve b. Who enjoys the absolute advantage of producing both? c. Who has higher opportunity cost of making T-shirts?
Two CSMA/CD stations are trying to transmit a few long video files. After each frame is sent, they contend for the channel using binary exponential back-off algorithm. What is the probability that the contention ends on round k, and what is the me..
1. for figure demand with zero transactions costs is q1d 50 - p and supply is qs -7 2p.a. verify all of the prices
Explain the government uses policies like student loans and free trade to influence the economy's growth rate.
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