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1. Is the SPNE to the centipede game less paradoxical if the payoffs are in millions of dollars?
2. What does the repeated Prisoners' Dilemma suggest about the role of trust and the choice between (i) social institutions that encourage long-term relationships between agents and (ii) anonymous interactions? Can you identify social institutions that replace anonymous interactions with long- term relationships?
production possibility charts1. draw a production possibilities curve for mexico.2. use the two above charts to
What is the implied forward rate for the 3-month annualized interest rate in June from the given investment returns in the table - What is your annualized return (360-day basis) for your 9-month investment?
discuss the u.s. housing mortgage crisis that started in 2006. perform a web search to gather information on the
It has been proposed that toll collection on the Massachusetts Turnpike, a key commuter route into Boston from the west, be discontinued. Proponents argue that tolls have long ago paid for the cost of building the road
Although the world financial crisis of 2008-2009 began in the U.S. sub-prime mortgage market, it quickly spread around the world. Ironically, foreign assets became viewed as riskier than U.S. assets.
How does the assessment vary between renewable or nonrenewable energy types - Why or why not?
Suppose last year's real GDP was $7,000 billion, this years nominal GDP is $8,820 billion, and GDP-deflator for this year is 120. Determine the growth rate of real GDP?
"From 1950 to 2000, manufacturing employment as a percentage of total employment in the US economy fell from 28% to 13%. At the same time, manufacturing output experienced slightly more rapid growth than hte overall economy.
Compute the average propensity of consumption, average propensity of investing out of income and the average propensity of imports out of income
In some developing countries, you can see modern airports, huge government buildings, and new highway system around the capital city. However, those countries' real GDP are still low. Would you provide the possible reason to explain why
How can trade liberalization exist on a nondiscriminatory basis versus a discriminatory basis? What are some actual examples of each?
Describe the overall trends in crime rates in the US over the last 50 years. Discuss some of the possible causes of any major increases or decreases in the crime rate, and discuss for which of your causes there is strong evidence for or against.
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