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Napier and Jost (2008) noted that conservatives are generally happier than liberals, and that this is mediated by differences in rationalization of inequality. Using national data col- lected between 1974 and 2004, they assessed increases in income inequality during that time period. They then looked at the difference in happiness between liberals and conservatives as a function of increasing inequality over time. How should they analyze these data? (Liberals always reported less happiness than conservatives, and their decrease in hap- piness as a function of changes in income equality was far steeper than similar decreases for conservatives.)
Now suppose that the gross national debt initially is equal to $2.5 trillion and the federal government then runs a deficit of $100 billion: i. What is the new level of gross national debt ii. If 100 percent of this deficit is financed by the sale o..
a. What will $35,000 deposited today be worth in 10 years at 12% compounded annually b. What is $14,000 worth today if deposited for 5 years at 4% compounded monthly c. What will $124,000 deposited today be worth in 10 years at 10% compounded daily
What if the marginal product of high school graduates were instead two hammers per hour? What is the critical difference in productivity (in percentage terms) at which the type of worker hired changes?
Explain the effect on supply and demand that the credit market crisis in the United States in 2008 had in the market for existing single-family homes. Assuming the demand for existing single-family homes is relatively inelastic.
In city B, the value of an apartment also falls the further it is from the business center, yet the fall goes down gradually. For example, an apartment one kilometer away will lose 20 percent of its value and an apt 2 kilometers away will lose onl..
Assets Liabilities Deposits at The Fed $40,000 Checkable Deposits $500,000 Cash $10,000 Net Worth /Capital $20,000 Loans $300,000 Securities $150,000 Fed Stock $20,000 1. What is the reserved ratio
Research the current value of the following economic indicators: Analyze the current macroeconomic situation. Discuss expectations of changes in economic, financial, and international conditions in the near future. Identify any economic issues of ..
A firm called Altobella Vineyard produces Concord grapes in a perfectly competitive market in which monthly demand is given by the equation Q = 1800 - 16P and monthly supply by the equation Q = -660 + 14P, where P is the price per crate of grapes.
How would your answer to part (b) change if only 1 out of 10 used cars was a plum?
Notice that the models have different service lives. However, model A will be available in the future with the same cash flows. Model B is available at 1 time only. If you select model B now, you will have to replace it wil model A at the end of y..
explain the importance of education and health in developing countries.
What is the long-run cost and long-run average to produce 120 units 180 units 240 units are there economies the output range 120 to 180 are there diseconomies between 180 and 240 Q L K 120 4 20 180 6 ..
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