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Many provinces in Canada allow welfare recipients to earn a small amount of labor market earnings, say X, before the tax-back of welfare benefits, begins.
a) Assuming a 100% clawback rate for labor market earnings above this threshold X. Illustrate such welfare program in an income-leisure choice diagram.
b) Last March 2020, the federal government introduced CERB (Canada Emergency Response Benefits) in response to public health restrictions imposing a countrywide lockdown and theshutdown of all face-to-face services. Describe the parameter of the program and how it worked?
c) Based on the information provided in b), draw the CERB program in terms of an income leisure choice diagram
Business schools A and B reported the following summary of GMAT (Graduate Management Aptitude Test) mathematics scores. Test the claim
Why is Canada expected to experience some labour shortages due to an aging population? Explain the changing the changing retirement patterns and how this change may effect the magnitude of the shortages?
Jersey Imports, Inc., markets electronic devices imported from Thai producers. The company recently introduced an innovative and enormously successful 5 GB Joystick (computer memory device), but a flood of competitor entry and downward pressure on bo..
The directors of a company are planning to undertake a rights issue. Describe the factors that should be taken into account in deciding
What assumptions should be made for parametric, but not nonparametric test?
a. What's bad about not having a store of value? b. What's bad about not having a medium of exchange?
Calculate the returns to scale, marginal productivity, and state which of the functions defines a convex feasible region over their entire usage?
Explain why the balanced budget multiplier is equal to one (i.e., if government spending increases by 10 billion and taxes increase by 10 billion, equilibrium GDP increases by 10 billion). What would provide more stimuli, a 10 billion dollar increase..
Lester Scholl's administrative assistant calls you on Monday afternoon to set up a conference call between you and the chairman tomorrow morning
Consider a credit default swap (CDS) of a notional amount $10 million and a term of one year. The CDS spread is 120 basis points and the payment is quarterly. If the bond has not defaulted, calculate the payment from B to A in the first quarter of th..
1. In column 3, supply an new figures for quantity that represent a decrease in demand; in column 4, supply figures that represent an increase in demand.
Using the T-accounts of commercial bank A and of the FED, represent the following scenarios. Assume that the monetary policy curve is given by r = 1.5 + .75p.
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