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A baby inherits genes from both parents at conception. During prenatal development, nutrition and stress can influence some genes to stop functioning while others become stronger or weaker. This is an example of
A. shared experience.
B. nonshared experience.
C. the eclectic view.
D. the epigenetic view.
Explain the basic concepts of implicit contracts, moral hazard, and adverse selection in labor markets.
Suppose the marginal propensity to consume (MPC) is 0.8. Compute the government purchases multiplier and the tax multiplier. If the government raises G by $500 billion, how much does GDP change by? If instead the government reduces taxes by $500 bill..
Determine optimal number of plants that firm should have to take full advantage of market demand. Compare firm's profit with multiple plants with its profit with a single plant.
China felt it was rapidly overpopulating, and it introduced the One-Child Policy. Was it fair for the Chinese government to impose a one-child per family limit on Chinese society?
For the period 1980-2010, how did the rate of growth of per capita GDP in China compare to that in the US? How did the rate of growth of technological improvement (broadly conceived) in the two countries compare? Give some examples of changes that ca..
Explain how each of the following events or policies will affect unemployment in a neoclassical model: What’s the difference between how a Keynesian economist would sketch an AS curve and a Phillips curve, and how a neoclassical economist would sketc..
How does the relationship between saving and investment affect the current account balance? What is the connection between the government’s budget deficit and the current account deficit?
What is a corporate merger? What is an acquisition? What is the goal of antitrust policies?
What is imperfect optimization and why might it be costlier, in relative terms, for the poor than for the rich? Please suggest a public policy solution that may address this issue, drawing on your readings in behavioral economics.
A month later, Bob buys a $1000 government bond from the Fed with this money. A) What happens to the money supply (M1)? Does it increase or decrease? By how much? The money supply would B) How would this impact Bob's future spending?
In a 100% socialist structure, the owners would be faced with what challenges? They lose the opportunity to make and hold onto extreme profits. They assume all the financial risk if their businesses fail. They no longer can change careers because the..
When drawing a demand curve,
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