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You expect to receive $30,000 at graduation in two years. You plan on investing it at 9 percent until you have $150,000. How long will you wait from now? (Better than the situation in Question 9, but still no Ferrari.)
Expand on "Say's Law" to explain the "Laissez-faire" policy conclusion of Classical economics. Use the story of demand and supply to explain how flexible prices lead to self-regulation of the economy. With a natural tendency to full employment and ho..
Funding and revenue for public housing, restrictions on revenues for public housing, policy decisions and/or economic conditions that would affect the revenue for public housing. What types of revenue policies would benefit public housing and the com..
Consider an economy with the production function Y = L^(1 / 3). Derive the Labor demand Curve. Assume M s = 45 and k = 3 . What is the equation of the aggregate demand curve for this example? What is the price level? What is the nominal wage level.
Utilize these values at this point on demand to make the subsequent computations.
A new health minister proposes to distribute an apple a day for free to every citizen. To be effective the legislation states that the free apples may not be traded or sold. Explain why this “no trade” policy would be inefficient.
If anti-sweatshop movements are successful in raising pay and improving working conditions for apparel workers in foreign countries, how will these changes abroad affect labor market outcomes for workers in the apparel and retailing industries in the..
Suppose an economy has the following per-worker production function: What is the consumption in the initial period? What is the change in the capital-labor ratio in the initial period?
Suppose that Rob consumes V_0 doctor visits each year at a price of P_0. If the price elasticity of demand for doctor visits is -0.25, what will happen to the number of visits Rob consumes if the price increases by 5%? What will happen to his total e..
American rice producers have extremely high production costs, due to some structural problems. Therefore, if not supported by the government, they will not be able to compete with foreign producers. Analyze two supportive policies intended to maintai..
On January 1 2015, your savings account will be worth $259,000. Every month thereafter, you make a cash contribution of $767 to the account. If the fund is expected to be worth $410,000 on January 1, 2020 what will the annual interest rate of interes..
Consider the housing market described by these equations: Find the equilibrium price and quantity. Calculate the consumer and producer surplus.
Discuss the costs and benefits of both debt and equity financing, and the circumstances in which less or more of each variety of capital would benefit.
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