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Assume for the purpose of this assignment that we do not currently have a Social Security Act, but that the creation of such legislation is being seriously considered by the federal government for the first time and that the government has accurately predicted that cost of such a program. Create an argument for or against the passage of such a law based on your conception of the ideas on the optimum size of government and on government interventions in the economy (Social Security is an intervention in the economy).
1. Long-run real interest rates are expected to increase. An accountant and an MBA student (who just finished his course of Managerial Economics) where interviewed regarding the effect on the firm they both work at. Keeping all else constant.
1. according to the economic way of thinking why does cheaper used textbooks raise enrollment at csulb?a. cheaper used
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases
Consider a two good exchange economy with two individuals, A and B. A’s preference is represented by UA = 0.3 lnxa1 + 0.7 lnxa2 and B’s is represented by UB = .8lnxB1 + .2lnxb2. A’s initial holding is (10,4) and B’s is (8,12).
A simple macroeconomic model of an economy is estimated at end of 2009 giving the following information:
Discuss the use of such national income accounting metrics as GDP as measures of social well-being - Is GDP a useful and accurate guide to the attempt to quantify the welfare of society in the aggregate? Explain.
This question puts up 4 different scenarios that two stores AllDay and SheepSkein are facing. In each scenario they are the only two shops selling to the whole market. Represent each scenario in a normal form game and indicate the Pure Strategy Na..
Elucidate what are some economic conditions that affect the cost of money
the charm city bakery makes coffee cakes and danish pastries in large pans. the main ingredients are flour and sugar.
A philanthropist working to set up a permanent endowment wants to deposit money each year, starting now and making ten more deposits,
What is the difference between a medium of exchange and a store of value and what is the difference between commodity money and fiat money?
1. please answer true or false and explain your answer. a consumer purchases a book by driving across town to a
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