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Some economists argue that the Social Security retirement program reduces fertility. That is, couples have fewer children than they would have if there was no Social Security program, all other things equal. Why might a risk averse person want to have more children if Social Security did not exist?
In the specific factors model predict who seeks protection against trade and who does not. Explain your answer. How does your answer change in the Hecksher-Ohlin model? Explain
In recent years the States of Colorado and Washington have (for all practical purposes) legalized the recreational use of marijuana. Both advocates and opponents claimed that such laws would have observable effects on public revenues and expenditures..
Assume that the economy is beginning at equilibrium. There is a supply shock and OPEC has decided to increase production, which lowers the price of oil. What will happen to the price level and RGDP in the short run? Label the original point (A) and t..
A firm's marginal rate of return on investment curve shows the amount
When the government uses fiscal policy to help the economy crowding out occurs because
Consider a negative income tax in which an individual receives a cash benefit of B per month, and pays a marginal tax M on any income earned. If an individual’s income is Y, their combined income from earnings and benefit is then B+(1-M)Y up to the i..
A manager is trying to decide whether to build a small medium or large facility. Demand can be low, average, or high, with the estimated probabilities being 0.25, 0.40, and 0.35, respectively. If a large facility is built and demand is high, earnings..
Elucidate Illustrate what President Roosevelt might have been trying to achieve, using the model of aggregate demand also aggregate supply
A consumer has preferences u(x) = 2x 1 2 1 + x2. The price of good 1 is p1 > 0 and the price of good 2 is 1. You may restrict your attention to interior solutions throughout. Explain whether these preferences are i) monotonic, ii) quasilinear, iii) e..
An in dustry in which one firm can achieve economies of scale over the entire range of market supply is a
q. 1. an investor buys a property for 1 million with 40 of the purchase price attributable to the land and the balance
Which computer software package should the firm's human resources office use to manage the payroll?
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