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Iranian economist Sasan Fayazmanesh, once wrote: "Will the U.S. ever learn that the Kermits of the world are not really that clever, have no foresight and in the long run do more damage than good?.....will there ever be an enlightened U.S. government in which there is no room for the likes of Kermit?" What is Professor Fayazmanesh trying to say to those who believe in the fairytale of a righteous US government wanting to spread democracy around the world? How was the fate of a proud nation forever changed as a result of a cheap "$1 million" coup?
In the economy of Qonos in 2102 investment was $1,611, GDP was $5,829, government spending was $1,521 and consumption was $1,694. What was Qonos's net exports in 2102?
Suppose a drop in the compensating wage differential between risky jobs and safe jobs has been observed. Two explanations have been put forward: The phenomenal success of a new reality show Die on the Job has instilled millions of viewers with an ide..
What is the potential tension between any religious tradition and the principles of democracy?
Suppose the production of Crocs is characterized by the production function Q = LK , where Q represents the number of pairs of Crocs produced. Suppose that the price of labor is $10 per unit and the price of capital is $1 per unit. Find the cost-mini..
What would be the subsidy required to get Mr. Smith to perform the efficient amount of gardening? Now assume that Mr. Green, another neighbor, doesn't like the garden. He bears a marginal damage, which is given by MD(h)=2
The main argument against monetary policy is that it affects only nominal variables, not real variables. Explain this argument using the two methods below. Explain and show on a graph the short-run and long-run equilibrium changes in the AD/AS model ..
If a random sample of 400 clients is elected, what is the probability of Type I error using this decision rule.
Some employers no longer consider a prospective employee's grade point average as a useful signal. Why might this be the case? because it is not fair to the students who put in a lot of effort and still get bad grades
In July, 2013, in the economy of Sandy Island, 10,000 people were employed and 1,000 were unemployed. During August, 2012, 80 people lost their jobs and did not look for new ones, 20 people quit their jobs and retired, 150 people were hired or recall..
How would you show the impacts of brexit & Donald trumps new policies on Canada through the IS-LM model (seperately), how would this affect the countries general equilibrium?
In the case of perfectly inelastic demand,
In class we saw that when Deferred Acceptance is used, the proposing side has a weakly dominant strategy of being truthful. Use this result to show that serial dictatorship has the same properties. Serial Dictatorship - each agent gets a different nu..
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