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1. For this assignment, compare the United States and one other selected country of your choice which is Kenya. Throughout this course, multiple resources have been included in all topic materials to provide websites that will assist in the research required for this assignment. Collect the economic data outlined in the "Country Analysis Matrix," and conduct additional research .
Country Analysis Matrix
Economic Metric
United States
Kenya
Per Capita GDP
Misery Index
GINI Index
Economic Freedom Index Overall Ranking
Human Development Index
Overall Ranking
Current Account Balance
Budget Balance as % of GDP
2. WHEN GOODS DON'T CROSS BORDERS, SOLDIERS DO?
"When goods don't cross borders, soldiers will." -- That quote is commonly attributed to Frederic Bastiat, an economist from the 1800's, though there's some disagreement about whether he actually originated the phrase. All that aside, what do you think? What does the phrase mean? Do you agree? Do you think it works the other way as well - when goods cross borders, soldiers won't? How does this relate to reasons nations might choose to trade?
Find a market price for hydrogen gas and normalize the energy content compared to the current local price of gasoline. Using octane as an approximation for gasoline energy content, compare the cost per kilojoule of energy of hydrogen to gasoline
Assume you were given the following data for an economy without government spending, exports, or income. C is desired consumption, I is desired investment,
Suppose as well, that all voters favoring liberal candidates will vote, while only 50% of those favoring conservative candidates will vote. Create a graph to show how the political equilibrium will differ from an election in which all citizens vot..
Firm 1 and firm 2 are movie producers. Each has the option of producing a blockbuster romance or a blockbuster suspense film. The payoff matrix displaying the payoffs for each of the four possible strategy combinations.
Use the utility function to answer the questions, below: (x1, x2) = exp (√(x 1 ) + √(x 2 )-Derive the Marshallian (ordinary) demand function for good1 and 2, x i *(p,l), i =1,2 . Then derive the indirect utility function (p,l).
Explain whether each of the following events shifts the short0run aggregate supply curve, the aggregate demand curve, both, or neither. for each event that does shift a curve draw a diagram to illustrate the effect on the economy
The New York Times reports that Wal-Mart has decided to challenge Netflix and enter the online DVD by mail market. Because of economies of scale, Wal-Mart has a slight cost advantage relative to Netflix. Wal-Mart is considering the use of a limite..
Consider the situation of the US debt and deficit? Explain the problem. Is the deficit and the debt a problem to be dealt with or not? Explain. Why do those who worry say it is different from the World War II debt?
In addition, pi* is the central bank's target level of inflation , and b is some positive parameter. This rule states that the central bank raises the real interest rate above its long-run level when inflation is above its target and lower when it..
What is the marginal propensity to consume. What is the slope of the consumption function (you should give a numerical answer, not a formula)?
You worked for extra pay on a holiday and therefore missed out on your neighbors’ barbeque. People face trade-offs. You had to miss the barbeque to get something else that we liked.
A) explain hospital behavior in which the hospital administrators are maximizing their own utility functions by competing on the basis of quality B) explain the contrasting situation in which the doctors on the medical staff
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