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you have been assigned the task of determining the route of anew high way through an older section of town. the highwaywill rquire that many older homes must be either relocated or torn down. two possible criteria that might be used in decidingwhere to relocate the highwayare:
(a) ensure that there are benefits to those who gain from thedecision and that no one is harmed by the decision.
(b) ensure that the benefits to those who gain from the decision are greater than the losses of those who are harmed by thedecision.which criterion would you select to use in determining theroute of the highway. explain
Watch the movie "A Beautiful Mind". Pay attention to the scene where Nash argues for an optimal equilibrium (the bar scene). Would you say that his "equilibrium" constitutes Nash equilibrium Explain.
Economists says as if economic growth is necessarily a good thing, many question the sustainability and even the morality of ever increasing economic growth.
Calculate total factor productivity growth (our measure of technological progress) for each country using the growth accounting framework discussed in class.
What are commodity money, commodity backed money and fiat money? What are the positives and negatives of each type of money.
What money supply must the Bank of Canada set next year if it wants to keep the price level stable? What money supply must the Bank of Canada set next year if it wants inflation of the ten percent?
The real and financial frameworks, that Ireland's unemployment rate will remain stubbornly high over the coming years, perhaps falling somewhat only through rising emigration.
If increased government spending and tax cuts were equally effective in stimulating aggregate demand, which fiscal tool would you select? Why?
The farmer initially grows 1,057 acres of wheat and 0 acres of corn. Suppose the price of corn increases by $102 per acre harvested and how much does the farmer's revenue change by if she continues to grow wheat even after the price of corn increas..
While there are many arguments both for and against this view, some find the following argument to be most persuasive of all: "The laws of supply and demand indicate that higher cigarette prices are ineffective in reducing smoking.
Our salespeople report that the arrival of new competing products has reduced expected sales of your new product to $3 million. what is the most you should pay to complete development.
What is the amount of the son's freshman year expense in terms of actual dollars? (b) What is the equivalent single sum amount at the present time for these college expenses?(c) What is the equal amount, in actual dollars, the father must save each y..
A growing economy means that the economy is producing more and more "stuff", either because it has more resources (workers), or uses those resources more productively (smarter, better workers, working with better machines and systems).
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