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Appalachian governors supported the establishment of the Appalachian Regional Commission (ARC) in the early 1960s. However, some politicians from outside the region felt that issues such as poverty and economic development should be addressed nationally. They did not believe that certain regions should receive targeted assistance. Do you agree that Appalachia should have been treated uniquely and separately from other urban and rural regions of the United States? Why or why not? Should Appalachia continue to receive special treatment in the future? Why or why not?
Your response should be approximately 200 words.
What is the contract curve inside the Edgeworth box for two consumers “you” and “me”? In terms of overall welfare between two consumers, is it better to be on or off the contract curve. Why or why not?
You are the manager of a new firm that can choose between two technologies for producing output using only labor. Technology A can produce two units of output for each hour of labor input. Technology B can produce three units of output for each hour ..
A city manager wants to invest a sum of money in an account that pays 6% annual interest to cover the monthly operating costs of the city's water treatment plant for the next 6 years. The monthly operating costs for the plant are projected to be $19,..
Discuss fixed and floating exchange rate systems. During what period in post-war international economic relations did each exist, respectively? Use the systemic and subsystemic levels-of-analysis to discuss the transition from one system to the other..
The Toyota Prius broke open the market for hybrid cars. How did Toyota's rivals react to the introduction and success of the Prius? What evidence is there that Toyota has taken rivals' reaction into account when planning its marketing strategy?
Indicate whether this production function exhibits constant, increasing, or decreasing returns to scale.
Show each of the following events on a bank’s T-account:
A firm has a production function,q=A LaK1−a, where 0
Illustrate what output would be produced, Illustrate what would total profits be also Illustrate what rate of return would the firm earn in its asset base.
Graph these functions and find the non-zero equilibrium. Prove that the equilibrium at (0,0) is not stable. Suppose that school inputs improve by one unit, from 10 to 11. What is the immediate impact on education (before health can adjust)? What is t..
Estimate Beta or systematic risk of Dell; Assume that the risk free rate is 4% (i.e. RF = 4% ) and the return on market portfolio is 10% (Rm = 10% ) use CAPM to calculate the cost of capital of Dell.
Which of the following is an example of an automatic stabilizer? When the economy goes into a recession,
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