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Watch the video below and answer the following questions on Macroeconomics.
Consider a hypothetical economy without government or international trade. Households spend $0.90 of each additional dollar they earn and save the remaining $0.10. Even when they have no income, they spend $100 in total. Firms plan a total of $150 in..
Why would cash transfers typically be preferred by recipients over in-kind transfers? What are the pros and cons of each from a government perspective?
A country which does not tax cigarettes is considering the introduction of a $0.40 per pack tax. Calculate the deadweight loss from the tax. Could the tax be justified despite the deadweight loss? What tax revenue will be generated?
Draw a market demand and market supply curve for automobiles and label these curves D1 and S1 respectively.
Write about the long-term system. What is it? How does it work? Who pays for it? Who gets insurance? As much as you can - Passive Euthanasia in Sweden: This is the thing about helping people who are very sick and want to die.
Under what circumstances do you think the government will impose greater regulations on financial markets and businesses? When does the government tend to favor deregulation and take a more laissez-faire attitude toward business?
The management of Clean Corporation is concerned about the growing demand on the part of investors and the public in general for environmental disclosures in annual reports. In your opinion are environmental disclosures in company annual reports nece..
The common currency in Europe was created because (a) governments had come to the conclusion that the system of floating exchange rates floating exchange rates contributed to continuous trade imbalances, or because (b) they believed that a common cur..
Explain clearly what the "phantom" or compensated budget constraint represents. Explain clearly what the income and substitution effects are. Use examples if you wish.
In the following cases, explain what happens to demand or quantity demanded and how the change would be shown on a graph of the demand schedule. Assuming that tickets to an NFL game are normal goods, what is the effect of an increase in the incomes ..
FRED reports that the University Michigan Consumer Sentiment Index was 82.5 in June 2014 and 96.1 in June 2015, the most recent month reported. Explain how this change affects the bond market, the money market, the international exchange market for t..
Research the Internet and find a celebrated criminal prosecution case to analyze, such as a criminal case that received media attention.
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