What are the implications of particular characteristic

Assignment Help Macroeconomics
Reference no: EM13179463

In a country with a market economy, the owners of firms (businesses) are, to use Gwartney, et. al.'s term, residual claimants. What are the implications of this particular characteristic of business owners? How do other citizens within the country benefit from this feature of a market economy? Do employees within government agencies operate under the same incentives as these residual claimants?

Reference no: EM13179463

Questions Cloud

State the chromic acid test acetone : the chromic acid test acetone, formaldehyde, propanal, 3-pentanone, acetophenone, and benzaldehyde
Explain what is the oxidition state of a cl in ocl : how many moles of na2s2o3 react with each mole of kio3 used in the standrdization? what is the oxidition state of a cl in ocl- ,and s in na2s2O3?
How should the products be distributed : Prepare a marketing plan proposal to sell the cleaning products in one country located within either of those two regions. You should make sure to answer the following questions in your marketing plan: What alterations might have to be made to the ..
Explain solubility-product expression : Include activity coefficients in your solubility-product expression. The Ksp of AgI is 8.3 x1017.
What are the implications of particular characteristic : In a country with a market economy, the owners of firms (businesses) are, to use Gwartney, et. al.'s term, residual claimants. What are the implications of this particular characteristic of business owners? How do other citizens within the country..
State a solution of a weak monoprotic acid : In the titration of a solution of a weak monoprotic acid with a .1325M solution of of NaOH, the pH was halfway to the equivalence point was 4.42.
Explain the chemical properties of trimyristin : Trimyristin is one of a number of natural products found in nutmeg, including the one which gives it its characteristic odor. Bases on the chemical properties of trimyristin and the amount of inpurity found when the extracted trimyristin was re-cr..
State celsius in equilibrium with the gas : Calculate the pH of a solution of CO2 at 38 degrees Celsius in equilibrium with the gas at a particular pressure of 3.55 atm.
Find the maximum likelihood estimator : Suppose we have a random sample with 8 observations: x1=-2, x2=x3=-1, x4=x5=x6=0, x7=3, x8=8. Then density function of x is given by \(p(x)=0.5e^{-|x-\mu|}\) Find the maximum likelihood estimator for u.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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