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Q1. Suppose that the government chooses conscription i.e. government services the representative consumer to supply units of time to the government as military service C with a lump-sum tax. With the help of a diagram show the effects of conscription on cumulative consumption, leisure, and services the real wage and aggregate output.
Q2. Do you think it is a good idea for the Russian government to take the measure of encouraging foreign carmakers to build factories in Russia instead of setting trade barriers as it did in 2002 to help relieve its carmakers from the challenges from the imported used cars? Why or why not?
On the same day, the San Francisco Chronicle had an article with the headline "Sharp Drop in Bay Area Home Sales"
Would Boeing's margin likely rise or fall if the yen then depreciated as well as competitor prices were unchanged.
Their banks are holding back credit so it is harder for businesses to invest and for consumers to spend
Do sibs have the expected effect. Explain. Holding medic and feduc fixed, by how much do sibs have to increase to reduce predicted years of education by one year.
Suppose at the current level of labor used, the MRP = $100 and the MFC = $50. Elucidate the maximize profits
Trace out exactly where this 100 increase in income goes in the second round and compare to our simpler treatment with a closed economy and lump sum taxes.
Consider we did technological change in the class where it does contribute to one side of the production use that to understand the problem.
In your opinion should our government impose price floors and/or price ceilings in our economy.
Representatives were to logroll (trade votes) to get their preferred policy to pass, what would be the result. What are the total benefits from each project.
The largest loan that the bank can make on the basis of the new deposit. If the bank chooses to hold reserves of $3,000 on the new deposit, what are the excess reserves on the deposit.
She is now considering raising her prices by 20 percent to offset the increase in her monthly rent.
Which of the government policies below is not likely to encourage per capita economic growth.
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