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Question: Optimal unemployment insurance: Consider the following two proposals to reform unemployment insurance. Explain the arguments for and against each reform.
(a) The insurance payment would be increased so that it replaced 100% of a worker's regular labor income for 26 weeks.
(b) Each worker would be paid a lump sum equal to 10 weeks of his or her labor income at the start of the spell of unemployment. There would then be no other payments.
Identify the range of output exhibiting increasing returns (increasing MP), and the range exhibiting diminishing returns (decreasing MP).
Draw the Circular Flow Model of a simple economy with the roles of firms, Households, Government and a foreign sector. In addition, identify the factor and product markets in this economy.
Use technology and information resources to research issues in econometrics.
There is a constant tension in an oligopoly between cooperation and self- interest because after an agreement to reduce production is reached.
Please sort the items below into the appropriate box based on whether the change signals: 1) An increase in GDP and improved standard of living 2) An increase in GDP without improved standard of living, or 3) No increase in GDP and improved standard ..
How would an increase in government spending for missile bases affect the economy in the short run (look at aggregate demand, aggregate supply, RGNP).
Why may interindustry income uniformity be more difficult to achieve than interindustry uniformity, and what are the implications of this in terms.
Describe how advertisements, news articles, online sources, and personal observations might be used to make wiser buying decisions.
Presume the government passes a law requiring households to increase their saving rate by 10 percent. According to the Solow Growth Model, in the short run:
Write down a model (not an estimated equation) that implies a constant elasticity between rd and sales. Which parameter is the elasticity?
Suppose that the governmental authorities wished to decrease use of a pesticide that is leaching into groundwater supplies in a watershed by 60% from current use levels.
Why do you think entrepreneurship is growing around the world? Do you expect this trend to continue, or do you think entrepreneurship's appeal will subside over time?
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