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According to your text, the intention of the framers of our Constitution was for the members of Congress to act in a spirit of compromise. In this way, resulting legislation would reflect the interests of the many rather than those of a particular faction. In practice, what are the dangers and inefficiencies when party unity and partisanship cause Congress to become deadlocked and unable to agree upon action? Provide examples from recent history.
Suppose government were to provide free daycare for children and assume this has no effect on the real wage w, taxes T, and dividend income π. Determine effect of the daycare program on consumption
Price discrimination tends to be more common in the sale of services (e.g., discrimination by income for universities and by age for air transportation services) than in the sale of manufactured goods. Why do you think this is so?
Suppose the government seeks to find the best it can do (in terms of minimizing expected costs in a dominant strategy mechanism). What is the mimimum expected payment the government must make?
a local government is considering four possible countermeasures to reduce crimes in the municipal park. since each
In product-price relationship, there are three basic value positions:
Economists generally agree that high budget deficits today will reduce the growth rate of the economy in the future
1.) Stannards Capital Investment Corp invested $576,300 to buy a note that matures in 2 years for $725,000. Find (a) the simple interest rate and (b) the simple discount rate. 2.) A $10,000 T bill with 73 days till maturity is sold at a 5.48% simpl..
If the reserve requirement is 20%, c=0.5 and e=0.001, what happens to the money supply as a result?
Suppose each cake costs the same to make, what is the average cost to produce a cake. Compute Alyssa's labor productivity ration in dollars per hour for each type of cake.
Suppose a commercial banking system has $100,000 of outstanding checkable deposits and actual reserves of $50,000. If the reserve ratio is 20 percent, the banking system can expand the supply of money by the maximum amount of:
Illustrate what can you infer from this data about the rate of labor productivity growth in the US economy during this period.
You will be asked to collect five (5) newspaper articles relating to subjects we are covering in the class. As we cover the various chapters you should be actively searching newspapers/magazines to find articles.
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