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Napier and Jost (2008) noted that conservatives are generally happier than liberals, and that this is mediated by differences in rationalization of inequality. Using national data col- lected between 1974 and 2004, they assessed increases in income inequality during that time period. They then looked at the difference in happiness between liberals and conservatives as a function of increasing inequality over time. How should they analyze these data? (Liberals always reported less happiness than conservatives, and their decrease in hap- piness as a function of changes in income equality was far steeper than similar decreases for conservatives.)
An industry consists of two firms with identical costs C(q) = 5q +q2=2. The firms can either collude or compete. If both collude, they each produce qm (half the monopoly output Qm). If one rm colludes and the other competes
Industry A is composed of five large firms and 100 small firms. The market shares of the five largest firms are, respectively, 30, 25, 20, 15, and 10. The 100 small firms together have the remaining market share. Calculate the Herfindahl-Hirshman ..
Evaluate this view in terms of the external economy model.
If the force of 25 N is distributed over an area of 15 cm2, find the angle of shear q shown, given that the shear modulus of the sole is 1.9 x 105 N/m2.
How does an expansionary monetary policy work? (Describe the steps through which an increase in money supply affects the real GDP). How does fiscal policy work? (Describe the steps through which an increase in G or TR, or a decrease in TX, affects..
Note any potential risks and/or opportunities related to your good or service. Pay particular attention to risks and/or opportunities from a sustainability/sustainable development perspective.
ABC Corp. owns a piece of land and building a few miles from its headquarters. The land originally cost ABC $500,000 to purchase. ABC is considering using the facility for a new training program. It could also rent a building about the same distan..
What is the substitution effect? Why do the substitution and income effects normally reinforce each other? Is this true for an inferior good?
Suppose Economica suffers an inflation shock that increases inflation. Use a graph to illustrate how output and inflation respond under both the old and the new policy rules.
A local restaurateur whose business had been profitable for many years recently purchased a liquor license, giving her a legal right to sell beer, wine and spirits at the restaurant. The license cost $75,000. While the license is transferable
In what form is capital income paid when businesses own capital?
A plan to build a new tower would involve a building tax that would collect $6,745 each year for all people in a certain city. If the cash flow begins 2 years from now, what is the present worth of the building plan over a 10 year planning period ..
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