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What do you think of the property of transitivity in choice theory and methodologies of risk assessment. How can we improve the ways we assess risk, or think about choices we make?
Tax cuts or government spending? Debate heats up over best way to grow the economy. Larry Summers has an article in "Foreign Affairs" saying we're in a very unusual situation, you call it the liquidity trap. He calls it secular stagnation.
The administration and management of tax and subsidies should be the tool for achieving fiscal policy toward economic stabilization and growth. Explain it in details and with examples.
What is the production possibilities curve and how is it useful? What 4 factors contribute to determining any point in this model? How would we apply this framework to the real world?
Graph the effects on the savings inter-temporal budget constranit. You are required to use the graphical representation of the llifecycle model's inter-temporal budget constraint. Assume a progressive tax system with 2 tax brackets are applicable for..
Sam has preferences for consumption goods (C) and time spent on leisure (L). The utility function is u(C,L) = CL. The household also has a home production technology summarized by a production function. How much time will Sam spend in leisure? How ma..
Which of the following best describes a policy which moves the economy to the right and downward along a given short-run Phillips Curve?
Ilustrate what is the marginal product of capital and labor. Does the answer depend on how much labor and capital are used.
The percentage effect which increase in output will have on the profit made from producing and selling commodity Alpha will be.
To examine some of the causes of differences in income, and to describe and analyze some of the government policies that attempt to reduce poverty. To show how the Social Security program is designed, how it developed from an insurance program to a t..
Business investment spending represents spending by businesses on new plants, factories, equipment, technologies, etc. According to economic theory, the primary determinant of the level of business investment spending is the level of real interest ra..
Discuss an industry that would meet the conditions of a perfectly competitive industry and how the individual firms would respond to an increase in the market demand for the product.
q1. explain why do some economists consider that better inventory control software as well as systems might help to
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