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Under China's family planning laws (commonly referred to as its one-child policy), those who follow the policy are offered rewards, loans, and other forms of social assistance, depending on socioeconomic status. People who do not comply with the policy are subject to penalties such as fines and confiscation of personal property. Excess children may also be subject to educational and health sanctions. What behaviour is the Chinese government attempting to promote with these types of incentives? Identify which aspects of the law are negative incentives and which are positive incentives.
A 12% $50,000 bond is offered for sale at $45000. If the bond interest is payable monthly and the bond matures in 20 years, what nominal and effective rates of return per year will the purchaser make on the investment
In your opinion, does that mean that trade should be inhibited to prevent the losses?
should you enter one of the European markets? If so, which one? If you enter, what is your expected profit?
If production is increasing at 3 kayaks per day when production is 40 kayaks per day, find the rate of increase in revenue.
Now suppose that there are credit market imperfections in the market for consumer credit, for example due to asymmetric information in the credit market. Repeat part (a), and explain any differences in your answers in parts (a) and (b).
Assuming ρ = 10 dB, find the output SNR when beam forming is used on the channel with equal weights on each transmit antenna and optimal weighting at the receiver. Compare with the SNR under beam forming with optimal weights at both the transmitte..
You can either spend spring break working at home in Alabama for $200 a day for five days, or you can spend the week in Costa Rica where travel expenses will total $700 (food, hotel, and a plane ticket.)
A certain reaction was run several times using each of two catalysts, A and B. The catalysts were sup- posed to control the yield of an undesirable side product
We have argued in this chapter that the primary economic function of tort law is to deter unreasonably dangerous behavior, but a second function is to provide social insurance against accidental harm. In what ways are these objectives compatible, ..
Consider a city that has a number of hot dog stands operating throughout the downtown area. Suppose that each vendor has a marginal cost of $1.50 per hot dog sold and no fixed cost. Suppose the maximum number of hot dogs that any one vendor can se..
The income statement of Rolls Royce Group Plc., a U.K. automotive manufacturer, for the year ended December 31, 2007, reported revenues of £7,435 and cost of sales of £6,003. In addition, it reported other operating expenses of £918, a loss of £2 ..
Is the fact that the yen interest rates shown never drop below zero a coincidence, or can you think of some reason why interest rates might be bounded below by zero?
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