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EARMARKS-EFFICIENT PUBLIC GOODS OR INEFFICIENT PUBLIC PORK?
The advocacy organization Citizens A gainst Government Waste (CAGW) identifies earmarks in current legislation that it concludes reflect government waste. Go to and search through the CAGW Web site to find five recent examples of alleged wasteful expenditures. What kinds of additional information would you need before you accepted the group's assertion that each of the five projects is indeed wasteful? Explain how a Federally funded project might be wasteful from a national perspective, yet still be highly beneficial for a specific city or state.
Can you find out the sample size underlying these results?
Ajax Cleaning Products is a medium-sized firm operating in an industry dominated by one large firm Tile King. Ajax produces a multi-headed tunnel wall scrubber that is similar to a model produced by Tile King. Ajax decides to charge the same price..
Interpret the coefficient of LOG (AVGINC). Are its sign consistent with your expectations and determinant factors that explain students' performance in fifth-grade tests. We observe a sample of 420 districts in California
A thousand dollars is invested for 7 months at an interest rate of 1% per month. What is the nominal interest rate What is the effective interest rate
Movies and videos provide opportunities for critical reflection and the development of media literacy. This activity will provide you with the opportunity to practice being a critical consumer of films as a form of media.
Suppose Money Supply is growing at a rate of 7% per year and RGDP is growing at a rate of 3% per year. What is the inflation rate assuming the velocity of money is constant?What will be the inflation rate is the velocity of money is increasing 2% pe..
A local bank offers a customer a 2-year car loan of $10,000 as follows: Money to pay for car : $10,000 Two years' interest at 7% : 2 x 0.07 x 10,000 : $1400 (11,400 total) 24 monthly payments : 11400 / 24 = $475.00
What is the predicted difference between earnings of females & males? Is this significant? How would you test for the significance of age in the regression? Is the quadratic function of age preferred to a linear function of age
Firm K can earn $25 million in profits from strategy S if firm L responds with strategy P, and $7.5 million in profit from S if L responds with strategy Q. Firm K can follow strategy T, which returns $16 million if firm L responds with strategy P ..
Suppose that the money demand function takes the form (M/P)^d = L(i,Y) = Y/(5i) a. If output grows at rate g, at what rate will the demand for real balances grow (assuming constant nominal interest rates) b. What is the velocity of money in this econ..
The annual percentage salary increases for the chief executive officers of all midsize corporations are normally distributed with mean 12.2% and standard deviation 3.6%. A random sample of 81 of these chief executive officers was taken.
Your company has asked you to analyze two mutually exclusive projects for the coming year. Project A will have an initial outlay of $7,200. Project B will cost $6,800. Both projects will last for three years. On the basis of the information regardi..
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