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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).
Express PV, where P is pressure and V is volume, in terms of the base SI units: the kilogram, meter, and second. Express your answer in terms of the abbreviations (kg, m, s). Compare this answer to the previous one. What do you notice?
A study reported that a 10% increase in the price of cigarettes would reduce consumption by 4% in the short-run and by 7.5% in the long-run. Based on these estimates, what happens to the price elasticity of demand for cigarettes as more time elapses ..
Contrast the rational expectations hypothesis and Keynes' description of expectations. Begin by explaining Muth's hypothesis in detail, and then explain Keynes' view of how people determine their long term expectations of the future. Conclud..
Identify the type of merger activity in industry or one with which you are familiar-horizontal, vertical, or conglomerate-and explain why you made that choice.
Which of the following are likely to increase the value of the firm, based on the shareholders wealth-maximization model?
Dear CedWriter, please provide me with a two page essay regarding the Bertrand and the Cournot models of oligopoly. The precise question to be redacted is below.This short Essay shouldn't take more than one or one and a half hours to be written. The..
Explain how recycled material is reused and Describe what happens to recycled cans, bottles, and newspapers after they go to the recycling bin.
Discussion question: How would you evaluate the riskiness of a security? It has to be a 1400 - to 1700 words and 5 references not from blog, wiki, etc
In the following independent situations, is the tax position of the taxpayer likely to change? Explain why or why not. John used to make casual purchases and sales of real estate as an investor. Currently, he does so on a regular basis and has obtain..
The three types of economic systems are Market Economy, Mixed Economy and Planned or Controlled Economy. How does each handle the issue of Scarcity? How does each system answer What, How, and For Whom questions?
Nonage Determinants of Labor Supply Suppose that two jobs are exactly the same except that one is performed in an air-conditioned workplace. How could you measure the value workers attach to such a job amenity?
Prove that if the value of G is v1 and the value of H is v2 , then the value of G + H is v1 + v2 . Give an example of G, H which only have a common row strategy, but for which G + H has a different value than v1 + v2.
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