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Does a flexible exchange rate system provide a buffer between external economic shocks and a countries internal variables like wages prices, and interest rates? Explain
If a government’s money is backed by gold and global instability causes its mint parity rate to become to high as a result the country falls into a depression, can the governments central bank fight the recession by increasing the money supply? Expla..
An investor has utility for money given by U(m) = . He has three investment opportunities: I1 pays $100 with certainty, I2 pays $120 and $80 with equal probability and I3 pays $150 and $30 with equal probability. Which one should he choose? Would you..
How an electronic controller could be included in the circuit to control the sequence of cylinder operations - Explain the operation of this circuit and explain the limitations of this circuit in terms of ‘speed control'.
You own a pizza shop and you use both labor and capital to make your pizzas. Currently the marginal product of labor is 5 pizzas per hour, while the marginal product of you capital is 2 pizzas per hour. You pay your labor $10 per hour, and your capit..
Describe your thoughts on the government's involvement in health care regulation. Do you think there should be more or less than what exists today? Why?
What is the difference between a profit and a rent? If a firm is interested in maximizing profits, why would it stay in an industry if profits are zero?
Describe the type of role you would like to play in health care finance. Would you prefer to be a personnel manager or a financial manager? Why?
Draw a fully labeled figure of the FE line, the LM curve and the IS curve. Label the point where all three curves intersect E. Show in the figure how the curves move in response to a positive supply shock (i.e. an increase in A). Then answer how each..
Briefly discuss your reaction to the numerous financial terms and the complexity of reporting required in health care. What would your level of comfort be in a discussion with a CFO regarding the key measurements used.
Ceteris paribus, an increase in output (Y) causes the real money demand to {INCREASE, DECREASE, NOT CHANGE}, resulting in the real money demand curve to {SHIFT UP, SHIFT DOWN, NOT SHIFT}. As a result, at the new equilibrium in the asset market, the r..
A logging company in the Florida swamps, who harvest the driest ground first and each harvest requires more resources to produce as conditions worsen is facing what type of costs?
Illustrate what strategies would you recommend in the fight against obesity. Elucidate what is GMA doing in the fight against obesity.
How are prices determined under perfect competition? Think about a firm that you have done business with recently. What industry does this firm belong to? Is it monopolistic competition, oligopoly, monopoly, or perfect competition? Justify your class..
Explain when a researcher is trying to estimate the causal effect of X on Y, and finds that the R^2 of her bivariate regression model is around 0.04.
Chris consumes only 2 goods, Suppose his utility function is U(X1,X2)=X1 1/3,X2 2/3, Suppose P1 =$2,P2= $8 and income(I)=$600 I want to know how to do the problem, so I need to see all the steps it takes to arrive at the correct answers for a,b and c..
The application of current US antitrust law
A study finds that leaf blowers make too much noise, so the government imposes a $10 tax on the sale of every unit to correct for the social cost of the noise pollution. The tax completely internalizes the externality. What is the private market pric..
Which of the following statements are true about a competitive price-searcher market? Check all that apply.
Suppose that a firm’s long-run average total costs of producing an individual income tax return is $75 when it produces 1,000 returns and $75 when it produces 1,200 returns. For this range of output, the firm is experiencing
Imagine that dell is considering two versions of a new laptop. One version will meet high performance standards. The other will only meet medium performance standards. If Dell knows that there are Nt Techies and Nn Norms and if Dell also can identify..
What is autonomous consumption? Can you explain what autonomous consumption means and use it in an example?
Extensive margin models use Rogerson (1988) style lotteries in order to simplify the savings problem under non-full-insurance.
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