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Public Expenditures and Cost-Benefit Analysis
Imagine you are conducting a cost-benefit analysis. How do you plan to use this when making decisions about public expenditures? Is it necessary in the decision-making process? Explain why or why not.
Assume that your firm above is the N.Y. Yankees and the league owners impose a lump sum tax of $4 million dollars on your firm.
The organization have considered situations of just shifting the spending power among the competing sectors. Does anyone have any thoughts.
Consider the instrumental variable regression model Y i β 0 + β 1 X 1 + β 2 X 1 +u i , where Z i is an instrument
In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?
Suppose demand for the firms watches falls permanently to P = 20 - Q/20,000. In view of this fall in demand, what output should the firm produce in the short run? In the long run? Explain.
Provide two terms which you have heard in the mass media, political arena, or in any other venue.
As the economy begins to recover from a recession and more people go back to work.
In a few weeks Professor Smith will be taking his daughter Attilla to the State Fair. Calculate the Marginal Rate of Substitution (MRS).
Develop an exponential smoothing forecast with smoothing constants α =0.1 and 0.3. What would be the forecast for week 11?
In the text we mentioned how Levi Strauss price discriminates between the European and American markets. This question is designed to help you analyze this situation.
An essay on Market imperfection associated with negative externalities.
Illustrate what are the roles of central bank independence and financial market development in budget deficits and inflation.
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