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1. A congressman proposes raising the eligibility age for Medicare receipt to 70. How would you expect this change to affect the average retirement age?
2. How would the fiscal viability of a pay-as-you-go Social Security system be affected if productivity growth doubles over the next 50 years?
Anti nuclear activists sued the AEC over the Calvert Cliffs Environmental Impact Statement. In 1971 the Federal Court (via judicial review) ruled that the AECs must do what? Why is this significant?
1. Based on research, summarize the economic booms that India and China enjoyed within the past few decades. What economic policies do they have in common?
The firm, Beta, is under a bad management such that the dividend payment is expected to decrease at a rate of 4% per year. Suppose the recent dividend payment is $3 per share and the stock price is $30. What is the required return of the stock? If no..
A firm faces a demand where q=20-P. q is quantity demanded, P is price. Its total cost function is TC = 2q^2 + 2q + 20. How many should it produce to maximize profit? What is the price it charges to its consumers?
Tom Reardon and his next door neighbor, Rich O’Donnell were carpooling to work one morning when the engine of Tom’s car started to sputter. This started a chain of events that eventually led Tom to decide that he needed a new car. Why do dealerships ..
What implications does Gordon see for likely changes in retirement and demographics in terms of living standards and productivity? Provide an example of how the doctrine of seperation of powers can affect an international business transaction.
Suppose that pizza is a normal good. Suppose further that all pizza workers earn the minimum wage. What would happen to the equilibrium price and quantity of pizzas sold if income rises at the same time that the minimum wage rises? Explain.
Sketch a diagram that illustrates what happened to the Bridgewaters' budget constraint. Could they have been made worse off by the change.
Price discrimination refers to
According to the U.S. Census Bureau, in July 2006 the United States expected aircraft worth $1 billion to China and imported aircraft worth only $19,000 from China. During the same month, however, the United States imported $83 million worth of men's..
Elucidate the effect this policy would have on the nation's real risk-free interest rate, nominal interest rates, real and nominal GDP.
Remaining group did not have jobs, except all said they would like one. 5 of this group had not looked actively for work for 3 months.
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