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Question: Why can we not simply look at how the economy changes when the US president changes in order to calculate the effect of the US president on economic growth? US presidents might have both positive and negative effects on the economy. US presidents are more likely to lose elections when the economy is doing poorly and so this method would be biased due to reverse causality. There is no variation in the independent variable.
What is one thing thatthe United States could adopt from another country's healthcare system that might improve the U.S. healthcare system?
Primo Salt, Inc., manufactures salt, according to the following production function: Q(K, L) = 2L 1/2K 1/3 , where output Q is measured in tonnes, L in labour-days, and K in machine-days. Give the wage rate w (in $/labour-day), the number of machine-..
How will the price ceiling affect the quantity supplied, quantity demanded and quantity exchanged
Describe the characteristics of a competitive market. Explain how we can derive a supply curve.
By implementing the right policy measures, countries that open to free international trade can always avoid the production structural changes that free trade ge
A pizza parlor has the following production costs: $4.00 in labor per pizza, $2.00 in ingredients per pizza, $0.11 in electricity per pizza, $2,000 in restaurant rent per month, and $250 in insurance per month. Assume the pizza parlor produces 9,000 ..
What are some benefits of the Benefits-Cost Ratio? What are some disadvantages of the Benefits-Cost Ratio? What are some depreciation methods? What are the more common methods used in the United States? What does depreciation mean?
It is observed that in an area with a lot of illegal immigration, the average wage of native born workers actually increased. Explain how this could have happened, using economic logic. Also, judge whether this is good or bad for the local economy.
Consider the possibility of migration between cities. Suppose a region's workforce of 14 million is initially split equally between two cities, X and Y.
1. What is the population growth rate, n? 2. How much is the total contribution of young workers to the social security system in the current period?
In the IS − LM model, the goods market is described by: Write an expression that describes equilibrium in the goods market. Compute equilibrium output and the equilibrium interest rate. By how much would the IS curve shift if taxes were cut by 1000?
Assume that demand for a commodity is represented by the equation P = 10 – 0.2 Q d, and supply by the equation P = 2 + 0.2 Qs where Qd and Q s are quantity demanded and quantity supplied, respectively, and P is the Price. Use the equilibrium conditio..
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