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From the viewpoint of economic efficiency, does representative democracy do a good job of handling special-interest issues?
1 Yes, special-interest groups are unable to benefit from government action unless they can convince the majority of voters that their position is sound.
2 No, legislators can often derive political gain from the support of special-interest projects that are inefficient.
3 Yes, the power of special interests is curtailed when decisions are made legislatively.
4 No, actions favored by well-organized special-interest groups are often rejected even when they would promote economic progress.
Someone claim that immigration must always be good for economy because the raised supply of labor will result in a higher GDP. Estimate this statement.
What is the perceived benefit of a product per unit consumed minus the product's monetary price - which of the following ways can entry erode incumbents' profits?
Baby boomers can save up to $22,000 per year in a 401k account. If Eileen's starting balance at age 50 is $200,000 and she saves the full amount available to her,
My brother has a house worth $400,000 and he has no mortgage as it is paid off! His utility bills and insurance and maintenance cost him about $500 per month and property taxes and all other costs about another $500 per month.
Antitrust Practices and Market Power
According to theory, if you lower interest rates, business investments and consumer purchases of large durable goods are supposed to increase. In return, this is to help pull us out of a recession.
The premise of her question is that alcohol consumption alters our perception of attractiveness. Imagine that an experimenter wanted to determine if this change in our perception of attractiveness was related to our experience with alcohol
If the Federal Reserve Bank wants to increase i by 10 per- centage points (e.g., from 2% to 12%), at what level should it set the supply of money?
why does the loss in total economic surplus directly experienced by participants in the market for a good that is taxed
Explain how the nominal dollar/euro exchange rate would be affected (all else equal) by permanent changes in the expected rate of real depreciation of the dollar against the euro.
What is the equilibrium levels of real output - What is the equilibrium real interest rate
You've been appointed by an unprofitable firm to determine whether it should shut down its unprofitable operation.The firm currently employs 70 workers to produce 300 units of output per day.
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