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Migration in neoclassical growth models
a. Under what circumstances does the potential for migration raise the speed of convergence in the Solow-Swan model? What about in the Ramsey model? What are the sources of the effects on convergence?
b. Might a government of a country that is receiving immigrants find it desirable to restrict the number that come? Might the government wish to charge a fee for immigration? Would the fee tend to vary with the immigrant's quantity of human capital?
c. Redo part b for the case of a country that is sending emigrants.
Now that India is also opening up to world trade, how would you expect this to affect the welfare of China? Of the United States? (Hint: Think of adding a new economy identical to that of China to the world economy.)
Suppose now thatbefore making this product, the firm has to pay fixed costs of research anddevelopment equal to $3,000,000. How large does N need to be before theprofit-maximizing firm chooses to pay the fixed cost
Use technology and information resources to research issues in microcomputer applications for accountants.
(a) If the seller can price discriminate between the two markets, what prices would she charge the different groups (b) If the seller cannot discriminate, but must charge the same price p1 = p2 = p to each group, what will be her profit-maximizing ..
An alternative requires $30203 to be paid over the course of year 1, $75000 over year 2, and $40000 over year 3. All values are in constant dollars. Using the tables in the chapter, compute the NPV of this alternative. Round intermediate calculati..
Suppose that deposits and bank reserves pay no interest, and that banks lend deposits not held as reserves at the market rate of interest. Who pays the inflation tax (measured in nominal terms), and how much do they pay?
Suppose GM reduces all of its existing workers from a 50 hour work week to a 40 hour work week but does not lay anyone off or hire anyone new. How will the unemployment rate change as a result How will the growth in GDP change
the manager of a firm that sells a "commodity" in a market that resembles perfect competition, and your cost function is C(Q) = Q + 2Q^2. Unfortunately, due to production lags, you must make your output decision prior to knowing for certain the pr..
Suppose you are a monopolist operating two plants at different locations. Both plants produce the same product; Q1 is the quantity produced at plant 1 and Q2 is the quantity produced at plant2.
What is the opportunity cost of bicycles in terms of snowboards at Home? What is the opportunity cost of bicycles in terms of snowboards in Foreign?
Suppose that a perfectly competitive consant cost industry if initially in short and long-run equilibrium. In general, what will be the effect of an increase of $10 per uni in varialbe coss on he short-run equilibrium price, the short-run industry..
Over the last one year the Four Winds Novelty Corporation has recorded its internet sales and its monthly total variable costs for a particular novelty item as demonstrate in the following table.
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