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Regarding long-term unemployment, what incentives do you believe the long-term unemployed face with unemployment insurance programs? As part of your answer, make sure to address what impact these programs have on the economy of a country.
Carl has a utility function U(x, y) = 2xy + 1. Maximize his utility subject to the budget constraint and derive his demand functions for x and y.
How do these experiments explain why England wanted to tax trade in the American colonies; which led to rebellion and the formation of the United States
Suppose two firms sell an homogeneous product; they compete in prices. Their respective marginal costs are MC1(q) = 10 and MC2(q) = 20. Find the prices that form equilibrium (for simplicity and reality, assume that prices are quoted in units no small..
Illustrate what is the present worth of the planned expenditures at an interest rate of 10% every year
Over the next three years, a firm is expected to earn an economic profit of $900,000 in the first year, $800,000 in the second year, and $700,000 in the third year. After the end of the third year, the firm goes out of business. If the risk-adjusted ..
get an answer from tutors to this homework question nowassume which the gross national debt initially is equal to 3
Dranove and Wehner (1994) argue that the statistical evidence used to support the supplier induced demand hypothesis is invalid because they find that the same statistical techniques also suggest that obstetricians induce demand. Briefly explain the ..
In game theory, a dominant strategy refers to a choice
The electricians' union is a good example of:
What is a key benefit of maintaining a stable value of money?
Joe and Jim purchase vegetables at a grocery store, but Jim also grows vegetables in his back yard. Only Joe’s grocery store purchases are included in GDP. Only Joe’s and Jim’s grocery store purchases are included in GDP.
Suppose Congress is able to reduce its budget deficit permanently. Using the growth model, graphically illustrate the impact of a permanent deficit reduction on the steady-state capital-labor ratio and the steady state level of output per worker.
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