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Suppose that the U.S. Congress is debating whether to end the Temporary Assistance to Needy Families (TANF) program and instead let local governments replace this program with their own programs. Which approach would be more efficient? Explain.
Explaini briefly what effects the following grant schemes generate and draw a graph to illustrate:
a. block grant
b. conditional block grant
c. matching grant
Back in 2000, the Canadian unemployment rate averaged 6.8 percent and current dollar GDP reached $1056 billion (or $1.056 trillion). Pierre Fortin, a leading Canadian macroeconomist affiliated with the Université du Québec à Montréal, had estimated C..
The Federal Reserve had to resort to non-standard methods to try to stimulate the economy the last several years in part because:
The allocation of promotional dollars between ‘pull’ (consumer promotions + media advertising) and ‘push’ varies drastically for many advertisers across countries. What are the factors behind these variations?
q. 1. country z is a developing country that is facing problems of deforestation. for agriculture farmers are clearing
Lakisha has a utility function for income given by U(I)=√I. Lakisha is ___ (risk averse/risk loving/risk neutral). Lakisha is considering an investment that would give her an income of $10,000 with a probability of .5 or an income of $20,000 with a p..
Assume that over the last twenty-five years a country's nominal GDP grew to three times its former size.
Consider the following demand and supply relationships in the market for golf balls: Qd = 90 − 2P − 2T and Qs = −9 + 5P − 2.5R, where T is the price of titanium, a metal used to make golf clubs, and R is the price of rubber. a) If R = 2 and T = 10, c..
Illustrate what is the industry's profit maximizing output level. Is the organization in long-run equilibrium.
Assume an economy with an aggregate production function of the form Y = 1.5K. If the nation’s population grows at 5%, the rate of depreciation is 3%, and the savings rate is 8%, what is the steady-state output per capita level?
Fed's policies both in terms of the positive also negative consequences of such policies also in relation to the Keynesian also classical theories.
The demand price for a monopolistic firm’s product is a function of quantity q and quality s: P(s,q) = s(a – bq) , while the firm’s production cost is a function of quality s only: C(s, q) =0.5s^2. Find all critical points (s,q) of the monopolist’s p..
Illustrate what marketplace structure did you assume. Would your answers in b change if the marketplace for sewing machines were competitive.
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