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The government subsidizes a wide variety of programs intended to help the poor, including social insurance and poverty programs, such as income assistance programs. Which of the following are examples of social insurance? Check all that apply. Food stamps Social Security Earned-income tax credit
Please discuss the following: "In a competitive permit market, the initial allocation of permits is not important. With market power on the part of the polluter, the initial distribution matters."
Suppose a firm’s production function is: f(E,K) = 40K0.25E0.75 The corresponding marginal product functions are: MPK = 10K-0.75E0.75 and MPE = 30K0.25E-0.25 Suppose initially that the hourly wage is $9 and the price of each unit of capital is $15. If..
Allison is trying to complete her income-tax return. A number of questions have come up about life insurance. Explain the tax treatment of each of the following. Allison is the beneficiary named in her grandfather’s life insurance policy. Allison’s o..
Casa della Maison Restaurant is planning a sweatshirt advertising promotion. Limited sales data from a few sweatshirt sales of a prototype design indicate that What price would it have to charge to sell 1,500 sweatshirts. Calculate the price elastici..
What is there relationship between consumption, savings and disposable income!! Discuss any three non income factors that determine consumption and saving!!
Why do nations care about having outlets to the ocean? Are landlocked nations at a disadvantage? What are geographers and economists saying about this? Could there be different views on this issue?
Consider three countries Hungary, Mexico and the United States, which sell identical t-shirts. If the price of the t-shirt is 500 forint, 20 pesos and US$2. Calculate The purchasing power parity exchange rate between Mexico and the U.S.
If the required reserve ratio ia 10 percent, up to illustrate what amount could checking account deposits in the banking system as a whole drop.
Suppose that GDP is currently $25,000 and marginal propensity to consume is .50. If autonomous investment increases by $5,000, what will GDP be in new equilibrium.
The initial cost of a new business facility is $1,000,000 but the owners plan to add an expansion in 10 years which will cost $100,000. It costs $25,000 per year to run from years 1-4 and $40,000 per year from years 5-infinity. What is the annual wor..
If the CPI was 110 last year and is 121 this year, what is this year’s rate of inflation? In contrast, suppose that the CPI was 110 last year and 108 this year. What is this year’s rate of inflation? What term do economics use to describe this second..
A unique aspect of a market economy is that consumers and firms change their behavior largely in response to:
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