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Q1. Think about the electoral competition model with three candidates. Extend the model to incorporate that candidates not only care about office but also about the policy that is implemented. You can suppose any single peaked preference which you want. Characterize the equilibria of the model. The characterization should be a function of the bliss point of the candidates.
Q2. The demand for good X is estimated to be Qxd = 5,000 - 5PX +3PY + 2M + AX, where PX is the price of X, PY is the price of good Y, M is income and AX is the amount of advertising on X. Suppose the present price of good X is $25, PY = $50, M = $30,000, and AX = 500 units. Elucidate demand for good X of its own-price elasticity?
Dependency theory characterizes countries as being either in the center or on the periphery
The vertical long run AS curve compatible with classical economics implies that AD only determines the price level
Find the equilibrium price and quantity after the shift of the demand curve.
For each values for the MPC, determine the size of the simple spending multiplier and the total change in real GDP demanded following a $10 billion decrease.
Suppose that only data on in action were published but not on claims for unemployment. What would be a reaction of the USD/EUR in that case.
The overall effectiveness of the organ procurement system in the United States. What are its strengths and weaknesses.
The government plans to rise state spending by $2bn in the next fiscal year.
Calculate price, quantity and social surplus for the initial state and each policy.
Calculate whole expected convenience from each restaurant option and also compare?
A university registrar who uses her experience with university admissions along with your high school grades, application essays, letters of recommendation.
the mainstream theory of the business cycle, is the most common source of reciession: a decrease in aggregate demand, a decrease in aggregate supply, or both.
A local community voting to raise property taxes to increase school expenditures
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