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1. In his book, Rewarding Work: How to Restore Participating and Self-Support to Free Enterprise (Harvard University Press, 197), economist Edmund Phelps offers this plan to help the working poor: apply tax credits for "qualified employers" or hire disadvantaged people for "eligible jobs." Evaluate this plan in terms of market incentives, one of the ten principles of economics, to work and current welfare programs. Is the Phelps' plan an improvement over current government policies? (2pgs APA format).
2. The availability of investment capital is critical for a market economy to grow. Explain how this investment capital is transformed into fixed capital goods, new technology, and cost reduction using new methods of production. Also, explain how interest rates impact the availability of investment capital (2pgs APA format).
3. Who was responsible for the global financial crisis of 2007-2009? Free-Market capitalism, government intervention, or a combination of both? Identify the causes of the crisis; the steps the private and public sector took to resolve it, and what leaders should do to keep it from happening again. Remember, banks are profit-making firms who supply capital to suppliers of goods and services (2pgs APA format).
How much oil does the Department of Energy's Energy Information Service (EIS) predict the ANWR will produce?
a two-year-old child is eating raisins one at a time from a large box. even though the child doesnt understand formal
Say that the price of good X is Px =$1 ,the price of good Y is Py =$2 and income I=$18 .The marginal rate of substitution between X and Y (MRSyx) is constant at 3. Show the budget constraint and some representative indifference curves on a graph (rou..
following the recession of 2001 there was a month in which employment and the unemployment rate both rose. assuming the
consider the table below for the neighboring nations of northland and west coast. the table lists the maximum feasible
write 400-600 words that respond to the following questions with your thoughts ideas and comments.conduct research
For a closed economy, the IS curve describes short-run movements in an economy via which of the following? According to the Phillips curve, if current output is above potential output (a boom), According to the Phillips curve, in general during a rec..
What are the principal categories of justice theories?
Why are competitive markets considered more efficient
Explain the cause of wage differentials using the compensated wage theory, be brief (5 pts). Explain the cause of wage differentials using the human capital theory, be brief (10 pts). Explain the cause of wage differentials using the migration theory..
Explain the importance of price elasticity of aggregate demand. That is, what are the different welfare implications with respect to consumer surplus when aggregate demand is elastic compared to when aggregate demand is inelastic?
What is the future value of 24 periodic payments of $4,620 each made at the beginning of each period and compounded at 8%? What would you pay for a $194,000 face value bond that matures in 15 years and pays $19,400 a year in interest if you wanted to..
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