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1. If a political candidate said that if she were elected to Congress, she would work toward cutting federal government spending by one-third over the next four years; would she stand much chance of fulfilling her promise? Why or why not?
2. Discuss the pros and cons of having a high cigarette excise tax.
3. What additional goods and services do we expect from government today as opposed to 60 years ago?
Suppose the U.S. and Mexico both produce 2 goods, tablets and cereal, using 2 inputs, capital (K) and labor (L). The production of tablets is capital-intensive, and that of cereal is labor-intensive.
To make the case that one country has a comparative advantage over another country in the construction of a given good or service,
Unemployment numbers drop as more jobless Americans Find out positions in local businesses. Which determinant of aggregate demand causes the change.
Suppose that people expect inflation to equal 3 percent, but in fact, prices rise by 1 percent. Describe how this unexpectedly low inflation rate would help or hurt the following: homeowner with a fixed- rate mortgage. a union worker in the second ye..
Describe an experiment that would quantify these two effects. Randomly select n students who have taken test only one time.
Discuss several ways in which greater educational opportunities for young women could lead to faster economic growth in these nations.
Compare Australia with any other advanced economy and discuss their GDP last 2 to 5 years and factors affecting their GDP
What is the difference between a production function and an quant. Explain the law of variable proportions with the help of quant.
Suppose the government decides to raise the gasoline tax as a way of reducing air pollution and traffic congestion to their optimal levels. Which of the following describes why Pigovian taxes, such as gasoline tax, are unlike most other taxes?
Does a real externality exist? Or is it just a peculiar externality? If a real external- ity exists, argue which of the government’s tools are best suited to address the issue: taxes/subsidies, cap-and-trade, or something else.
Explain with a graph (showing MR, MC and P) and a verbal explanation. how a ticket price ceiling placed on a monopoly sports franchise (that does not sell out its games) may actually lower ticket prices and raise attendance. Assume that marginal cost..
which her costs are measured is time. Illustrate what is the total cost to hildegard of finding a new plot of grass and getting y units of grass from it.
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