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Question: In Kelo v. City of New London, 545 U.S. 469 (2005), the U.S. Supreme court decided a case in which landowners challenged the power of a city in Connecticut to take their property for redevelopment. The redevelopment plan did not contemplate that all of the land would be open to the public. Parts would be privately developed. The plaintiffs alleged that the taking was unconstitutional because it was not for a public purpose. The Supreme Court rejected this claim. Use economic analysis to argue for or against the view that such a mixed development plan should be regarded as serving a public purpose. (For some recent cases like this one, see Web Note 5.9.)
Make a cash flow diagram or table showing yearly dollar values. What is the IRR of the investment (show all calculations) If companies’ discount rate is 12% would this be a good investment?
Analyze the effect of an interest rate decrease on a consumer who is currently a lender. Specifically, answer the following questions.
You have volunteered to serve as a judge in a Midwestern contest to select Sunshine, the most wholesome pig in the world.
From the information given, do you think that we need to be concerned that a possible lack of Normality in the data will invalidate the conclusions that we might draw using ANOVA to analyze the data? Give reasons for your answer.
Suppose you see a 2010 Volkswagen Jetta GLS Turbo Sedan advertised in the campus newspaper for $10,000. If you knew the car was reliable, you would be willing to pay $12,000 for it. If you knew the car was unreliable, you would be willing to pay $..
Recently the American Film Institute selected Citizen Kane as the best movie of all time. Citizen Kane is a fictional psychological biography of one of the most powerful newspaper publishers in history, William Randolph Hearst.
What was the actual (ex post) real return?
Calculate the monthly consumer surplus for each group before and after the rate increase. Your boss wants a measure of the losses to each group from the rate increase.
Explain how the extreme point on the vertical axis is identified and how the extreme point on the horizontal axis identified when the production possibilities curve is drawn.
What fraction of its oil consumption does it have to import and is it strange that even though the country is a net importer of petroleum, it exports some petroleum too?
Many industries benefit in the short run from lower interest rates and an increased supply of credit availability. Nonetheless, we know from bitter experience.
Ben Bernanke, the chairman of the Fed, recently noted that "in the 1970s the public had little confidence that the Fed would keep inflation low and stable."
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