Local police department in order for department

Assignment Help Macroeconomics
Reference no: EM131045867

1. Suppose that a local government decides to provide more funds to the local police department in order for the department to hire additional police officers.  Is there an opportunity cost of this action?  If so, how would you measure it?

2. Michael Jordan has more athletic ability than most individuals. Thus, he is more productive at most tasks involving physical skill.  Explain why then, it is more efficient for Michael Jordan to pay someone else to mow his lawn.

3. Because of the quantity and quality of its resources, the U.S. has an absolute advantage in the production of many goods and services. Does this imply that the U.S. cannot benefit from trading with a developing country that has less productive ability?  Why or why not?

4. Explain Ricardo's theory of comparative advantage

Reference no: EM131045867

Questions Cloud

Describe an application of epidemiology and give a current : Describe an application of epidemiology and give a current, real world example of it.
Journal entries to record the transactions of sage ltd : Required: Prepare the journal entries to record the transactions of Sage Ltd up to and including that which took place on 28 March 2016. Show all relevant dates, narrations and workings
Why would the receiver need an extra timer : Why would the receiver need an extra timer if it were responsible for reporting that its advertised window had become nonzero (i.e., if the sender did not probe)?
Design a reliable byte-stream protocol : The RTT of the network is 140 ms, and the maximum segment lifetime is 60 seconds. How many bits would you include in the Advertised Window and Sequence Num fields of your protocol header?
Local police department in order for department : 1. Suppose that a local government decides to provide more funds to the local police department in order for the department to hire additional police officers.  Is there an opportunity cost of this action?  If so, how would you ..
Full amount of the instrument with interest : $900.00 Smalltown, Illinois Maker, November 15, 2011 The undersigned promises to pay to the order of John Doe Nine Hundred Dollars with interest from date of note.
Explain the difficulty of doing this over a tcp connection : Suppose a host wants to establish the reliability of a link by sending packets and measuring the percentage that are received; routers, for example, do this.
What would happen if a later sent 200 bytes of data to b : Suppose the third party sends each end such a forged 100-byte data packet ostensibly from the other end. What happens now? What would happen if A later sent 200 bytes of data to B?
Purchased a used bmw from gary braden : On February 26, 2011, William Stem purchased a used BMW from Gary Braden for $26,600. Stem's primary purpose for buying the car was to use it to transport his child. Braden indicated to Stem that the car had not been wrecked and that it was in goo..

Reviews

Write a Review

Macroeconomics Questions & Answers

  Illustrate what is the laspeyres price index

Illustrate what is the Laspeyres price index. Calculate ideal and Laspeyres indices.

  A paint factory produces paints but in the process

a paint factory produces paints but in the process transmits chemicals into the soil below the factory. these chemicals

  What is ultimate effect of the study on the price of garlic

Find the flaws in reasoning in the following statements, paying particular attention to the distinction between shifts of and movements along the supply and demand curves. Draw a diagram to illustrate what actually happens in each situation.

  In what ways will the policy change reduce moral hazard

The country of Cheapland currently has a national health insurance system that reimburses citizens for 90% of all heath care costs incurred. Cheapland's government is considering a policy change that would provide medical care providers

  Explain the influence of the imposition of a maximum price

Using demand and supply analysis, explain the influence of the imposition of a maximum price and a minimum price on a product on price and quantity.

  An economy consists of two regions the north and the south

an economy consists of two regions the north and the south. the labor market is initially in an economy-wide

  What would happen to total expenditures if tax frozen

In particular, the number of workers is rising slowly, while the number of retirees is rising quickly. Concerned about the future of Social Security, some members of Congress propose a "freeze" on the program.

  Discuss ways the feds objective function can be used

Discuss ways the Fed's objective function can be used with an economic model to evaluate alternative monetary policies. Discuss ways that economists could use the Phillip's curve to create better economic policy than we currently have.

  Does larry have any income from this scholarship

Larry receives a scholarship to attend the local college. The scholarship terms provide $7,000 for tuition, books, and related expenses for the academic year

  Describe the living conditions for family and child

Write a letter to the Housing Authority and Health District about your previous living conditions for family and child that your landlord failed to fix. Also include that there was mold on walls and ceilings and the roof leaked.

  Explain the environmental consequences of marginal increase

While climate change science has advanced considerably in recent years, and evidence of increasing atmospheric carbon is demonstrable, there is yet much unknown about the consequences of anthropogenic carbon emissions. For instance, the effect of ..

  Why might the parameter z increase in an economy

Suppose the economy is on a balanced growth path in the Romer model, and then, in the year 2030, research productivity rises permanently to  z ? > z. a) Solve for the new growth rate of knowledge and yt b) Make a graph  of yt over time (on a ratio s..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd