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1. Discuss the role of government in promoting efficiency and equity in a country.
2. Explain how the publicly provided private goods can be rationed.
q1. lets think about two countries frugal and smart. in frugal people devote 50 percent of gdp to making new investment
You recently bought a mini-supercomputer for $10,000 to allow for tracking and analysis of realtime changes in stock and bond prices.
Suppose a firm's production function is given by Q=F(L,K) = 5LK, where L is the amount of labor and K is the amount of capital. For this particular Cobb-Douglas
Suppose that as the result of the crisis in Greece, the Euro depreciates against the US dollar. Why should you care when the US dollar strengthens relative to other currencies? Describe the ways this could impact your life and that of your friends an..
Explain how the following statements denies the basic economic postulates:
Which is a characteristic of the German health care system?
A consumer wants to minimize her expenditures, E= PxX + PyY, subject to maintaining a given level of utility, \bar{U} = xy. form the Lagrangian for this problem, derive the first-order conditions for an expenditure minimum, and solve those conditions..
When I'm A GoldMiner chooses what quantity of gold each of it's mines will produce over the next 12 months, this quantity, along with the prices prevailing in the market for output and inputs, will
What is a trading bloc and a trade concentration ratio, and does it make sense that trade concentration ratios should be greater than +1?
List four supplies you would place in the refrigerator 2 (3 to 4 °C). List four supplies you would place in the freezer.
One of the most debated areas in economics is balancing the budget. The major contention is on the timing of the policy. If the government were to operate under a strict balanced-budget rule, what do you think would it have to do in a recession? Shou..
Suppose that omar's marginal utility for cups of coffee is constant at 1.5 utils per cup no matter how many he drinks. On the otherhand, his marginal utility per doughnut is 10 for the first doughnut he eats, 8 for the third he eats, and so on. In ad..
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