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Economists recommend that crime policy have the goal of minimizing the "costs of crime", which include the social costs of the crimes themselves and the social cost of enforcing the criminal law. What is the general rule for determining whether a particular change in criminal justice policy will increase or decrease social efficiency?
Santiago is from Spain but lives in Texas. Ryan is from England but he lives in Arizona. A car dealer in Texas buys a new BMW from a BMW factory in Arizona for $51,567 and later sells the new BMW to the final buyer, who is Santiago for $75,120. Later..
q1. illustrate a form of financial instruments through which corporations and governments borrow money from financial
Suppose that your city government is interested in reducing littering. Currently, there is a $100 fine for littering and there is a 10 percent probability of being caught if you litter. If litterers are risk averse, which policy would lead to a large..
An economy is in long-run macroeconomic equilibrium with an unemployment rate of 5% when the government passes a law requiring the central bank to use monetary policy to lower the unemployment rate to 3% and keep it there. How could the central bank ..
The yield curve is the graph that shows relationship between interest rates on bonds and default risk on bonds with different rating. True/false explain
This exercise discusses properties of the Cobb-Douglas production function and its use in the Solow model.
How can good management practices be useful in a global economy? Why would an investor care if there is good management practices? Using US steel as an example how would good chinese management practice influence this US Company?
Consider following couples of variables and discuss whether you expect to find positive, negative, or no correlation between them. In each of the positive and negative examples, indicate whether or not you expect the correlation to be strong or weak.
Which of the following are functions of a central bank? For what period of time was the United States without a central bank? When a country uses a foreign currency as its medium of exchange, it is using
Other things equal, increasing home prices tend to:
According to the BLS, the CPI rose 3.8% in August of this year compared to a year earlier. Food prices rose 4.6% and clothing prices were up 4.2%, while new car prices rose 3.8%, and medical care was up 3.2%. What percentage change in the CPI up unti..
On December 12 of 1980, Apple Computer sold shares in an initial public offering (IPO) for $22 per share. Since then, the stock has split 2-for-1 three times: June of 1987, June of 2000, and February of 2005. If you bought 100 shares at the IPO and s..
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