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The historically low approval ratings of Congress (see: https://www.gallup.com/poll/1600/congress-public.aspx)
Then, several House Democrats staged a sit-in on the House floor to demand a vote on gun control legislation. This, of course, is very much related to the question of approval, as the low ratings are often linked to the perception that Congress fails to get things done, for example on gun control.
On the background of the sit-in and one piece that is very critical of it. Do you agree with Princeton professor Keeanga-Yamahtta Taylor's view that the sit-in seemed cynical? (If you do, make sure you precisely outline why you agree, maybe you agree with the statement but for very different reasons). Or do you think the action had its merits (in terms of highlighting problems, raising an issue, mounting a critique, etc.)?
Explain how the agency problems have played a role in different parts of the economy: moral hazard (unobserved effort), and adverse selection (unobserved type).
Give the utility function U(x, y) = (x-4) 1/2 (y-2)- 1/2 , what is the minimum income needed to ensure positive utility?
Because government-operated firms do not have to make a profit, they can usually produce at a lower cost and charge a lower price than privately owned enterprises." Evaluate this view.
Why do countries repay their foreign debts? Why don't countries repay their foreign debts and what is the risk with exchange rates when they are fixed? What is the risk with exchange rates when they float?
What is the nominal GDP today What is the difference between nominal and real GDP What is the largest component of GDP What is the smallest component of GDP What is the fastest growing component of GDP and why
Compute mean, standard deviation & CV of sales. The demand for MICHTEC's products is related to the state of the economy.
The demand function for gadgets is providede by the following formula. Illustrtae what is the point price elasticity of demand.
What are the components of GDP, and how does energy consumption enter each of these components? How would changes in energy prices, such as oil price shocks, possibly affect GDP growth? Please explain the related impacts on inflation and unemploym..
Let's suppose that the weight of male giraffes is normally distributed with mean 1200 kg and standard deviation 200 kg.- What is the posterior expected value of Beau's weight?
) If the government imposes a maximum price in a market that is below the equilibrium price: _____ A) total surplus in the market decreases. B) total surplus in the market does not change. C) total surplus in the market increases. D) total surplus..
Construct a table shoeing Grey's marginal sales per day in each state. Calculate Grey's maximum monthly commission income.
Suppose you know that Canada's GDP in 1999 was $900 billion, and Canada's GDP in 1933 was $9 billion. What judgment about the change in the economic well-being of average Canadians could you make? Explain.
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