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Imagine that you are a policy consultant and you are asked your thoughts on restructuring the European Union. In your opinion, which of the following institutions is the most significant (you must also define what you feel the concept of “significant” means in EU terms): European Parliament, European Council, European Commission, or the Council of Ministers. Which of the following institutions would you recommend dissolving? Explain your rationale. Do you think this multi-faceted decision-making process “works” for the European Union? Why or why not?
Suppose there is a policy debate regarding the United States imposing trade restrictions on imported steel rods: The president of the United States argues that the United States should threaten to impose a tariff on Chinese steel rods in order to ind..
Suppose that after the wage goes up in the Northern state, workers lose their jobs in the North and decide to move to the Southern state. This increases the population there. Adjust the graph to show what happens to employment and the wage in this So..
q. suppose people in our overlapping generations model have the opportunity either to hold at money with complete
A recording company obtains the following information about the demand and production costs of its new.
Republican presidential candidate Donald Trump is a multi-billionaire who claims that, if elected, he would run the country like a business firm. Using the economics of the firm, explain why this may not be so
Gross domestic product measures... The consumer price index is used to measure inflation over time by cataloging the price of the same basket of standard consumer goods. In the year of my birth, 1987, the consumer price index was at 113.60. By 2014, ..
Suppose that aggregate planned expenditure increases by $0.75 trillion for each $1 trillion increase in real GDP. If investment increases by $1 trillion, calculate the change in the quantity of real GDP demanded if the price level is constant at 105.
"Devoting a larger share of national output to investment would help restore rapid productivity growth and rising living standards." Do you agree with this claim? Explain, using the Solow model.
The very recent past in Latin America suggested at least the possibility of a swing back toward populism. Research this question and decide whether current populism in Latin America is similar to past populist movements, especially by comparing econo..
Are monopolies and oligopolies (firms demonstrating power) always bad for society? Be sure to provide real world examples of where this may be the case to strengthen your position in the google antirust case.
As the value of the Gini coefficient approaches one, The Gini coefficient is measured by
If the reserve requirement is 20 percent, and banks keep no excess reserves, an increase in an initial inflow of $100 into the banking system will cause an increase in the money supply of: Suppose that consumer spending is expected to decrease in the..
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