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Suppose that new government spending increases lifespans. In our model, what should be the effect of this on hours worked per person in a given time period? Does it matter whether government spending adds extra years to the lifespan of living adults without improving their morbidity or if it expands both the peak and end years by equivalent amounts? What evidence exists for the predictions you have made that you are aware of?
The increase in competition in the United States between 1958 and 1988 was not result of
Predict what you believe will be the most significant changes in international taxation you will likely see in the next few years. Explain your reasoning.
By raising and lowering short-term interest rates to keep inflation moving at a steady pace, many central bankers and academics thought they had finally found a monetary policy solution to conquer booms and busts of the business cycle.
In the long run, if the demand curve of a monopolistically competitive firm is tangent to its average total cost curve then
Romans utility function os U(x,y)=6xy. The prices of goods x and y are $12 and $15. The indifference curve is tangent to his budget constraint, where he is consuming 20 units of good x. How many units of good y must he be consuming?
Compare and contrast how the concepts of attitude and personality are both similar and different. Why is it important that an HR staff person who deals with conflict in the workplace, understand these differences and similarities? Give a workplace ex..
Your firm makes smart phone cases. The firm is a monopoly that faces the following demand function: P = 360 – 2Q. What are the total revenue and the marginal revenue functions for your firm?
Consider an economy whose production function is Y=Kθ(AN)1-θ, with A=4(K/N). Suppose that it has a saving rate of .1, a population growth rate of .02, and an average depreciation rate of .03 and that θ=.5. What are the growth rates of output and capi..
Boss Fuzzhead is an engineer by training and says “I know that we can substitute capital for unskilled labor in the production process that our company uses and projections are that capital costs are declining, so those unskilled folks better just be..
The optimal number of traffic deaths in the United States is zero." "Any pollution is too much pollution." "We cannot pull U.S. troops out of Afghanistan. We have committed so much already."
You should discuss which part of the financial system you would use and what asset you select. Provide a reason why you choose this option. You can discuss things such as risk, interest rates, inflation, etc.
The Technical Rate of Substitution between factors x2 and x1 is -3. If you desire to produce the same amount of output but cut your use of x1 by 4 units, how many more units of x2 will you need? Explain.
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