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Description of cost-benefit analysis
How could government make a choice between two health effects? For instance, eliminating mosquitoes may end a nuisance and help prevent some diseases. To eliminate mosquitoes may require spraying a city with a toxic chemical, or using a chemical in lakes and streams that could have a biological effect.Is there such a thing as a good monopoly?
Mention and explain the two types of inflation. Which sort of inflation would most likely be associated with the negative GDP?
Are they required to ensure economic growth and a prosperous country.
Explain the impacts of an expansionary fiscal policy such as a tax cut on the levels GDP, Consumption, Investment, interest rate and unemployment and price.
Describe the opportunity cost of good 1 in terms of good 2. Find out the opportunity cost of good 1 at the point where x1=1.
Suppose the market for widgets can be described by the following equations: What is the equilibrium price and quantity?
Explain why is it important for a country to calculate their GDP and release this information to the public.
Consider the instrumental variable regression model Y i β 0 + β 1 X 1 + β 2 X 1 +u i , where Z i is an instrument
Describe various goods you either buy or sell at your workplace that are price elastic.
Graph these data using "dollars" on the vertical axis and "quantity" on the horizontal axis. At what output is revenue maximized?
The International Monetary Fund IMF supply assistance to nation experiencing economic woes.
Explain why would this be described as a Prisoner's Dilemma game.
Discuss the limitations of this model as an explanation of the effects of government expenditure on GDP.
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