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The implicit tax on earned income means that as one's earned income increases marginally, that person and his/her family may lose benefits from government assistance programs such as TANF and SNAP. This is classified as an unintended consequence of these types of assistance. How does this affect the incentive to work as opposed to not work? Do you consider this to be fair?
Think about how you can check whether marginal benefit equals marginal cost for each of your household’s activities. Are your household’s resources allocated fairly? Think about the two ideas of fairness and how they apply in your household.
Southern European countries (e.g., Spain, Greece, Italy, and Portugal) traditionally export low-tech manufactured items such as textiles, toys, and footwear that are in direct competition with inexpensive goods from China. Why are southern European c..
Accept or reject decision base? rejected the return is less than risk based or accept the return is greater thank risk based?
Come up with a scenario (other than those brought up in class) in which it makes sense to talk about probability in the Frequentist sense.
Suppose Belgium produces only two goods, chocolate and lace. If Belgium has a comparative advantage in lace, a move toward free trade will
The time it takes to process phone orders in a small gift shop is normally distributed with a mean of 6 minutes and a standard deviation of 1.24 minutes. what cutoff values would separate the 95% of orders that are in the middle of the distribution w..
A firm just invested $600,000 in a manufacturing process that is estimated to generate annual cash flow of $250,000 for each of the next five years. At the end of year 5, there is no market for the product and no salvage value for the process. If a m..
Which of the following statements regarding costs under federal awards is not true?
What are the advantages and disadvantages to negotiating longer contracts? How can the interests of each side be adequately protected?
After America's latest mortgage meltdown, what checks and balances are required at the 1) Consumer Level 2) Mortgage provider level 3) Government level?
Bob and Ray are two economics majors who are sharing an apartment for the year. In a flea market they spot a 25 year old sofa that would look great in their living room. Bob's utility function for money and sofas is uB(S,MB)=(1+S)MB and Ray's utility..
Determine each table's residual value if the PW is to equal zero. The cost of money for Pass-Time is 10%.
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