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1. If the incidence of poverty decreases during periods when the economy is growing and increases during periods when the economy is in recession, what government policies might be used to reduce poverty most effectively?
2. Explain what is meant by the term discrimination. Explain what statistical discrimination is.
Draw the indifference curve for U = 20. For what values of p1/p2 will the optimum be \(x_{1} = 0\) If neither x1 and x2 is equal to zero and the optimum is unique, what must be the value of x1/x2?
There is nothing we can do about them except to send food relief after they occur. Explain why that position is inaccurate. Concentrate on agricultural pricing policies and distributional issues.
Why do most economists oppose attempts to control prices? Why does the government attempt to control prices anyway, in a number of markets?
Graph the cost curves from part a and indicate the points from part b. Explain why the cost curves have the shape they do. Now, Joe decides to split his operations between two forests and hire his buddy Earl. The production function becomes: qi = ..
Describe your approach to improving upon or extending their main analyses, explaining why this is economically and/or statistically important.
An industry consists of two firms with identical costs C(q) = 5q +q2=2. The firms can either collude or compete. If both collude, they each produce qm (half the monopoly output Qm). If one rm colludes and the other competes
Identify key choices the author made in writing the story. For example, consider where the story is set, how the action is ordered, or how the characters are introduced and developed.
Assume that Jones deposits $500 in currency into her checkable-deposit account in First National Bank. A halfhour later Smith obtains a loan for $750 at this bank. By how much and in what direction has the money supply changed? Explain.
if you deposit $1000 now, $3000 four years from now follows by five quartely deposite decreasing by $500 per quarter at an interest rate of 12% per years compounded quartely. how much will you have in your account 10 years from now
A grower estimates that if he picks his apple crop now, he will obtain 1000 boxes of apples, which he can sell at $3 per box. However, he thinks his crop will increase by 120 boxes of apples for each week he delays picking, but that the price will..
What will happen to average total costs in the loge run?
What are the long-term fiscal imbalances for the United States? New Methods to Measure the Long-Term Fiscal Imbalances for the United States
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