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What are the considerations we should make, as economists, when we criticize/assess immigration policies?
Tips:
(i) Think about the relationship between skilled/unskilled labor of natives and immigrants
(ii) Think about the price of the final good produced in the country when the border is open
What is the perfect compensation to the homeowners? What does perfect compensation mean?
Social Security and Medicare are in financial trouble. The money will run out for the future generations if something is not done shortly. In detail, explain how you would save both systems for the future generation.
If the monopolist charges only one price, what is Q, P, Producer Surplus, Consumer Surplus, and total revenue?
Suppose that lin Jun subscribes to the 88 yuan per month plan. (i) How much calling time would she consume? (ii) What would be her total benefit?(iii) what would be her buyer surplus (benefit less charge)?
You may not have heard of the radio as a media before this course, but it is, essentially, any data communication that takes the form of broadcast through the air. How do each of the radiated media differ - not in terms of how they operate, but in..
Consider a representative consumer whose preferences are represented by the utility function, where c is consumption and I is leisure. The consumer derives income from wages w and dividend income. Suppose that the government imposes a proportional in..
Use the market for loanable funds to explain what happens to 1) private savings (PS) 2) private investment spending (PI) and 3) the interest rate (r) if each of the following events occur: The government decides to invade and occupy a Middle Eastern ..
Could the bailout by the Federal Reserve in 1998 and subsequent closing of the fund in 2000 be seen as a precursor of the 2008 Bear Sterns bailout, Lehman Brothers failure, credit crisis and subsequent bank bailout?
Assume that the demand for Internet advertising is declining at the same time that the number of Internet sites accepting advertising is increasing. From this information, a student argues that that the price of Internet ads should fall, but it is..
Wade’s solution to prevent crises such as the Asian financial crisis involves each of the following components EXCEPT:
Given a production Yt=(Abar)Kt^(1/3)Lt^(2/3) and K*=1000 and Abar=3/2. and also there are Lbar=1000 workers who supply labor in elastically. What does the long run model say wage in this economy is?
Between 1995 and 2000, the S&P 500 more than doubled as the U.s. experienced a technology-driven stock market boom. How does a stock market boom affect GDP? Your answer should include a discussion of the impact on relevant components of GDP.
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