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What are the strengths and laws of a program like Bill Clinton’s (proposed) “Hope Scholarships,” in which students take out a loan and pay it back based on future income? (I.e. you take a loan out for $40,000 and promise to pay 10% of your salary for the next 15 years). What if the program is offered in parallel with a normal loan program What will happen?
According to the Huffington Post on September 19, 2012,“Demand for the new Apple Inc iphone 5 has been incredible,' AT&T Inc Chief Executive Randall Stephenson said on Wednesday." The increase in demand causes equilibrium price to _ and equilibrium q..
Briefly explain how each of the following factors affect 17 year old Bob's decision to go to college:his discount rate, the difference in labor market earnings in each year post-college between what Bob would earn with and without the college degree,..
A piece of new equipment has been proposed by engineers to increase the productivity of a certain manual welding operation. The investment cost is $22,130, and the equipment will have a market value of $5,000 at the end of a study period of five year..
Assume the mpc = 0.6 for an economy. Showing work, please find the effect (if any) on equilibrium real GDP of each of the following events (other things remaining the same):
Assume that the market basket consists of 150 container of yogurt 300 cups of coffee and 200 cookies in 2013 but in 2014 in consists of 200 containers of yogurt 150 cups of coffee and 150 cookies
An existing company is considering expanding into a new product line that will use the same factory as its existing products.
What factors do you need to consider if you expand your business regionally? Nationally? Globally? What do you need to consider in order to expand into each market? Does the nature of a business (the services provided) impact the location of the expa..
Chinese policies have created a great deal of controversy and discussion. For each of the following topics, describe the issues raised by China’s trading partners and evaluate their concerns. China’s trade surplus. China’s exchange rate system
A study finds that leaf blowers make too much noise, so the government imposes a $10 tax on the sale of every unit to correct for the social cost of the noise pollution. The tax completely internalizes the externality. Before the corrective tax, Blow..
On September 21, 1995, "House Speaker Newt Gringrich threatened to send the US into default on its debt for the first time in the nation's history, to force the Clinton Administration to balance the budget on Republican terms. That same day, the inte..
Given a Cobb- Douglas production function (follow the Appendix 3.2 to the chapter for further detail and practice) Write down important assumptions of Solow growth model. What is the steady state capital per capita, k*, and explain about it.
The demand for football tickets is Q = 360 – 10P and the supply of football tickets is Q= 20P. The government levies a per-ticket tax of $4, which is paid by consumers. Calculate the after-tax price paid by consumers. Calculate the gross price receiv..
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