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a) What do you think have been the benefits and losses to consumers in the USA? Why?
b) How do you think the international relations between the USA and China have been affected? Why?
Is there much research into the long term impacts of government fiscal contractions? I have heard about 2nd generation unemployed as a result of Thatcher's policies but that is very much anecdotal. What does the literature have to say on the matter?
The number of strikes in the economy will be lower in years having:
Draw output Y as a function of the labor input N given our usual assumptions about the production function (marginal product of labor is positive, but diminishing). What is the slope of the production function? What is the slope of this new function?..
The quantity supplied and demanded of labor in the country of Shoppingland is shown in the table below. Draw two supply and demand diagrams for the labor market, assuming that wages are sticky downward. In the second diagram, show how a drop in sales..
What is the rationale for government to regulate the activities to businesses? How is our economic and social existence shaped by government regulations?
Five ice cream vendors take up positions along a beach of length one. You may take it as given that there is a Nash equilibrium with two vendors at some point x, one vendor at 1/2, and two vendors at point 1 x. Find x, and justify your answer.
Two incinerators are being considered by a waste management company. Design A has an initial cost of $2,650,000, has annual operating and maintenance costs of $750,000, and requires overhauls every 5 years at a cost of $1,375,000. Using a 6.5 %/year ..
A specific McDonald’s franchise owner is looking at elasticities of Big Macs. E(p)= 2 (Price), E(i)=1 (Income), E(mt)=1.5 (m=Big Mac, t= Taco). The franchise owner would like to increase the price of Big Macs by 6%. If the owner wants to keep units s..
How might healthcare reform increase productivity in the United States? c. How might healthcare reform decrease productivity in the United States?
In the paper by Paul Degrauwe, The Governance of a Fragile Eurozone, he argues that the fundamental problem causing the problem in the Euro-zone today is that countries cannot borrow in their own currencies. Explain what he means by this and what the..
A TV manufacturing company estimates that when TVs are sold for x dollars a piece, consumers will bu 8000/x TVs each week. The company also determines that profit is maximized when the selling price x is 1.4 times the cost c of producing each unit. H..
Assume a firm produces 500 units of a good by using two inputs, capital and labor, whose per unit prices are $10 and $4. Assume also that the marginal physical product of the last unit of capital is 30 and the marginal physical product of the last un..
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