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Many of the European Union nations have suffered from relatively slow growth and high unemployment for since the endof the Great Recession. What are your recommendations for long-term growth? Why are these changes so difficult to implement?
What lessons can we infer from history around the efforts to enact National Health Insurance and/or Health Reform? What are the economic rationales for different types of government intervention in health care?
Suppose the marginal social benefits curve for crude oil is MSB = 60 - 0.6Q and the marginal total cost curve is MTC = 20 + 1.4Q, where Q denotes the dynamically efficient quantity of barrels to be extracted from an Albertan oil field (in millions..
a) What percentage of the tires can be expected to last more than 40,000 miles?
Explain the concept behind the governments TARP program and the ensuing stimulus packages that were implemented.
Evaluate the role and effectiveness of the Federal Reserve in stabilizing the economy since the 2007-2009 recession and its continued impact on the current.
Imagine a waste processing plant that is causing air pollution (measured in tons per year), and has marginal abatement costs given by MAC1 = 100 – 0.005E1. The marginal damages from the pollution is given by MD = 0.003E. The government establishes li..
A large induced-draft fan is needed for an upgraded industrial process. The motor to drive this fan is rated at 100 horsepower, and the motor will operate at full load for 8760 hours per year.
Create an 3-6 page report, that includes an explanation and/or examples of: A circular flow diagram that includes the government sector. For this part of your paper, you should include a description of the roles that each participant plays in the eco..
To counteract the recent crisis, the Federal Reserve has increased the monetary base by trillions of dollars. However, the total money supply in the economy has not increased significantly. Explain this paradox using the model of money supply.
Analyze the macroeconomic factors that led to the 2007–2009 recession. How were GDP, inflation, and unemployment affected during the recession, and how does the model show this? What monetary policies and fiscal policies were implemented during the r..
Consider a subway company whose cost function is given by C(T) - 1000 + T. Due to the government regulation, this company must set the fare per passenger at the marginal cost (MC pricing). Is this pricing efficient? Would this company run the busines..
The price of gasoline is $2.50 per gallon at the closest gas station, but is only $2.30 per gallon at a gas station two miles away. By driving to the farther gas station, opportunity cost is:
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