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1. Now raise exports to $650 and find the equilibrium again. How large is the multiplier?
2. Explain the logic behind the finding that variable imports reduce the numerical value of the multiplier.
Some economists argue that immigration will overwhelm the welfare system, others that immigration will avert a pensions crisis. Which view do you support, and why?
Discuss why each regression specification appears to be unsatisfactory. Explain why it was not possible to perform a common factor test.
Determine the equilibrium, and compare it to the outcome that maximizes the sum of the payment to the author plus the firm's profit. Answer using both math and a graph. Why do you think royalties are typically based on revenue rather than profit?
According to the News on page 677, what percentage of retail jobs would be lost if the minimum wage were increased to $9.50 Obama Wants $9.50 Minimum Wage (Crains)- When Barack Obama and his fellow Democrats take power in Washington.
two different alternatives shown in the table below are being considered by kal tech engineering systems. assume that
You have been hired as a student intern in the IT Department at Athens State University. A current goal of the University is to more fully minimize security threats and prevent breaches. To accomplish this, they have asked you to research the "maj..
What is the price of unleaded regular today in your city or town? If it is below $4 per gallon, what are the reasons? Similarly, if it is higher than $4, what has happened to drive up the price? Illustrate with supply and demand curves.
suppose the hourly wage is $2 and the price of each unit of capital is $8. The production function is given by q = (E^1/2)(K^1/2) and the marginal product of labor and capital are MPe =(K^1/2)/(2E^1/2) and MPk =(E^1/2)/(2K^1/2) respectively.
Provide an argument to establish that the optimal allocation must be Pareto-ancient. What assumptions have you placed upon the social welfare function?
What is the average of the amounts ?
Suppose a prot-maximizing monopolist is producing 800 units of output and is charging a price of $40 per unit. a. If the elasticity of demand for the product is $ 2, nd the marginal cost of the last unit produced. b. What is the firm's percentage mar..
Using the information from parts (a) and (b), construct a 2 × 2 payoff matrix where the strategies available to each of two players are to produce the Cournot equilibrium quantity or half the monopoly quantity.
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