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What is the difference between homogeneous-agent models and heterogeneous-agent models? Which do you think is more realistic? Which do you think are more difficult to work with because it is technically more complicated?
Countries often resort to imposing barriers to trade during difficult economic times. Recall the Great Depression, which began in 1929, where unemployment.
Smoking is banned from most public buildings in most states across the U.S. today. What type of market failure is the smoking ban intended to address. Illustrate what other options might be considered.
Discuss the five reasons that Crooks outlines in the article and finish your post by offering your opinion of whether The Economist's viewpoint or with The Industrialist's viewpoint is more agreeable.
A survey of U.S. adults found that 69% of those who text on cell phones receive spam or unwanted messages. You randomly select 100 U.S. adults who text on cell
If the marginal benifit curve to carbon emission reductions is relatively flat (relative to the cost curve), explain why a tax might be preferable to a cap-and-trade system
What can we expect in an economy that only has had three surpluses in the government account in the last 83 years?
Use the Baumol-Tobin model to find money demand under the following assumptions. Income is $5000 per month (which can be broken down into 2500 in real income and a price level of 2) paid at the beginning of each month in the form of interest-earning ..
Two fi?rms compete in a duopoly market. Each fi?rm chooses a quantity and the price in the market is determined from the following inverse demand function.
What is the International Monetary Fund and what types of organizations benefit from it?
It has been asserted that the social security system in the United States is virtually bankrupt and will soon be unable to sustain itself without action being taken. Explain the problems as they are now and propose a strategy that will allow the soci..
What determines who pays larger fraction of the tax, the sellers or the buyers? Explain with the use of a diagram. Show on the same diagram in part b the deadweight loss that results from the tax.
The financial crisis of 2007–2008 generated much introspection about what went wrong and how to prevent anything like it from happening again. What could have been done differently and why?
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