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Question 1: How would you define poverty? How would you determine whether a particular family is poor? Is the test you have proposed an absolute or a relative test?
Question 2: Why does the failure to adjust the poverty line for regional differences in living costs lead to an understatement of poverty in some states and an overstatement of poverty in others?
Question 3: The text argues that welfare recipients could achieve higher levels of satisfaction if they received cash rather than in-kind aid. Use the same argument to make a case that gifts given at Christmas should be in cash rather than specific items. Why do you suppose they usually are not?
Discuss the economic reforms introduced by Vladimir Putin. Do you feel that they went far enough in dealing with Russia's economic weaknesses?
What is the major focus of each of the following bank management concerns: asset management, liability management, liquidity management
You want to purchase a security that will pay you $1,000 seven years from now. If you want to earn an annual nominal rate of 6.5 percent, how much should you pay for this investment today? You invest $3,600 today at a nominal annual rate of 5.5 perce..
Jane wants to buy a beautiful doll as a gift for her sister's birthday. What is the advantage to society to correct the externality?
Discuss how and why the "architecture" of markets and the "architecture" of firms help decide how well markets and firms, respectively, deal with imperfect info
(a) Develop a cost estimate of the project from NTT's perspective. (b) If NTT adds a profit margin of 35% to its costs, how much will it cost the state to fund
Suppose that the wage is $20 per hour in a two-sector (manufacturing and agriculture) specific-factors model. Currently, the prices of manufactured and agricultural outputs are $5 and $1, respectively;
Describe the current global economic conditions and their effect on local macroeconomic indicators for your good or service - Describe the local economy's stage in the business cycle.
Manufacturers of laundry detergent and dishwashing soap reinvest a relatively large percentage of their sales revenues on advertising campaigns. Most of these advertisements that appear on television stress the fact that their product is "New and Imp..
With the help of a diagram, discuss the effect of price ceiling imposed by the government on the welfare to the society (consumers' and producers' surplus) If the ceiling price were set below the equilibrium price.
Write the argument with the topic: "The minimum wage should be raised."
A college student has been looking for tires and has found the following: Tire Warranty for Tire A is 6 months at a price per tire of $31.59. What is MONTHLY worth/cost of Tire A if we consider annual interest rates are at 10%?
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