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As one of the local economy stimulus package, all of you are well aware that the New South Wales (NSW) government introduced a Dine and Discover NSW scheme to support local businesses. The package is worth $100 out of which $50 can be spent on food such as dining in restaurants or purchasing takeaways. Explain the efficiency consequences of such food voucher schemes under two scenarios below using well-labeled diagrams.
A) Friday orders a takeaway that is exactly worth $50 (please include a diagram)
B) Crusoe orders a takeaway that is worth $70 so eventually ends up paying $20 from his own pocket. (please include a diagram)
1) In today's environment, why is it important for organizations to focus on training of basic literacy skills?
The base year is 2009. Real GDP in 2009 was $10 trillion (2009 dollars). The GDP price index in 2009 was 112, and real GDP in 2013 was $11 trillion (2009 dollars). Calculate nominal GDP in 2009 and in 2013 and the percentage increase in nominal GDP f..
Calculate the future value at the end of twenty-five years of the following cash flows (CF's) if the rate of interest is 4.7-percent compounded annually: Eight consecutive CF's of $346 at one year intervals beginning at the end of year 4 (t = 4) and
Could you help me to explain the effect that Australia's mining boom of the 2000s had on Australia's balance of payments by using the small open economy model?
Who benefits from a tariff or quota? Who loses? What are the positives and negatives of protectionist trade policies?
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..
The flat-screen plasma TVs are selling extremely well. The originators of this technology are earning higher profits. What theory of profit best reflects the performance of the plasma screen makers?
Assume that you work for the U.S. House Ways and Means Committee, and the Committee wants to create a new general definition of the term “currency."Please come up with a new definition , and explain why your new definition would be better.
Consider the privacy and protection acts in chapter 3 of Security Policies and Implementation Issues.
GlueTooth®, the popular new startup company that manufacturers the world's first-ever Bluetooth-enabled denture adhesive, estimated its short-run costs using a
Can a monopolistically competitive firm producing a good with lots of very close substitutes earn large positive profits in the long run? Please explain.
Using diagrams for aggregate expenditures (AE) and aggregate demand and supply (AD-AS), show the short run effects each of the following scenarios has on the relevant economy. Be sure to identify the cause of any shift or movement along AE, AD, and/o..
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