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1. Out of national disasters many public policies are developed. Using the Katrina disaster what public policies do you feel need to be put in place? Be specific and explain why? (200 words)
2. Compare and contrast the free-enterprise and socialism styles of government. Make an argument which form of government would be easier to implement public policy and why? (200 words)
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.
California Electric has a cost of equity capital of 16%. The company has consistently been authorized a return on equity capital below this expenses.
An oligopolist, the Bramwell Corporation has estimated its demand function and total cost functions to be as follows: Q=25-0.05p TC+700+200Q
In classe, we showed that any player 10s strategy b0 1 > v1 is weakly dominated by strategy b1 = v1. Combine the above two statements, what conclusion can you draw Why this conclusion is relevant if we want to show (b1 = v2; b2 = v2) is the domina..
Elucidate tools are used to accomplish conscious fiscal policy.
The depreciation rate is d = 0.05 and the labor force growth rate is n = 0.01. The saving function, in aggregate form, is St = 0.3Yt . Find the steady-state capital-labor ratio, the steady-state value of output per worker, and the steady-state val..
Using the AA-DD model explain why under credible fixed exchange rate, temporary monetary policy is ineffective whereas under floating exchange rate it is effective in rising output.
Suppose that Wal-World and Tarbo are independently deciding whether to implement a new bar code technology. It is less costly for their suppliers to use one system and the following payoff matrix shows the profits per year for each company resulti..
Suppose Home has annual DVD player sales (S) of 50,000 units. Suppose all of these parameters are the same for all firms in the industry. In the absence of trade, how many firms will produce DVD players? What will be the equilibrium price of a DVD..
Explain whether the following government activity is motivated by a concern about equality or a concern about efficiency. in the case of efficiency, discuss the type of market failure involved - imposing higher personal income tax rates on people wit..
Discuss three ways in which the Federal Reserve can change the money supply.
The table below shows the hypothetical prices and quantities demanded of a software product. Assume that the fixed cost of setting up the production of software is $200 and the marginal cost is $5.
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