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If the power of special interest were reduced for example, through the adoption of supra-majority voting rule, would economic efficiency improve? How would contributions to political campaigns be affected?
Do you think politicians are very interested in curtailing the power of special interests?
Assume a continuous-time solow growth model with no technical progress. The economy is closed and there is no government sector. Labor supply is given by L_t = e^nt, n>0. The average propensity to save out of GDP is s,, with 0
Explain why the FOMC opted to include language about the specific level of unemployment it wants before it might consider possibly increasing the Federal Funds rate. What is the expected benefit, and what might be the cost?
In a perfectly competitive market suppose that a competitive firm's marginal cost of producing output q is given by MC(q)=3+2q. Assume that the market price of the product is $9:
Discuss how a change in price affects total expenditure by filling in each cell with resulting change in total expenditure.
A friend was left $50,000 by his uncle. He has decided to put it into a savings account for the next year or so. He finds there are varying interest rates at savings institutions
Describe the characteristics of the lattice organization at W.L. Gore as described by Gary Hamel Which elements in Gore's model are compelling to you. Which elements of the Gore model are least compelling to you
Suppose a firm has a constant marginal cost of $10. The current price of the product is $25, and at that price, it is estimated that the price elasticity of demand is -3.0.
Christy maintains her inventory levels through borrowing cash on daily basis from bank. She estimates demand for cash for the coming year will be $17,000 per day.
As an employee of the World bank, you have been asked to research one economic concern in a south american country and write a report
The money supply (M) is the sum of bank deposits (D) plus currency in the hands of the public (call that C). Suppose the required reserve ratio is 20 percent and the Fed provides $50 billion in bank reserves (R = $50 billion).
Explain why does the government support public education when the private sector also provides this service.
Ajax Cleaning Products is a medium sized company operating in an industry dominated through one very large firm-Tile King. Ajax manufacture a multi-headed tunnel wall scrubber that is similar to a model produced by Tile King.
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