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Consider the following pairs of situations. In each pair, which situation is more likely to be susceptible to coordination problems?
(a) Maintenance of corporate landscaping by a gardening company versus maintenance of a football or soccer stadium's grass turf by a gardening company.
(b) Design of a toolbox to hold tools versus design of a wafer to hold the wires of a microscopic silicon chip.
The World Bank Doing Business Indicators measure the extent of business regulations in countries around the world. Compare the U.S., France, Japan, Brazil, and Nigeria in terms of how easily contracts are enforced, how property can be registered, and..
Investigate the distribution of income in the United States from the 1960's. The Bureau of Labor Statistics (bls.gov)or the US census government website census.gov may be good sites. Is wealth distribution and income distribution the same thing? Are ..
Using what you have learned about market-based incentives, suggest a policy initiative that would discourage land disposal in the United States.
How many people should you survey? You want to take a random sample of likely voters in order to estimate the proportion (p) of voters in that population who prefer candidate A over candidate B. Suppose that, in fact, p = 0.51 (that’s in the populati..
What is the present value of $2,500 received in years 3 and 6, $2,000 inyears 7 through 10 with an interest rate of 10% compounded annually? What is the annual equivalent payment in problem 1a over 10 years?
Which fiscal balance is likely to be influenced and Explain how by treating human capital investments the same as physical capital investments.
An important employment level is called full employment.
Growth rates in the Solow model (II): Suppose an economy begins in steady state and is characterized by the following parameter values: s 0.2, d 0.1, A 1, L 100. Apply your answer to question 8 to calculate the growth of per capita GDP in the period ..
Since under a fixed exchange rate system the exchange rate does not change, does this mean that the BP curve never shifts? Why or why not? If it in fact does shift, what effects do such movements have on the equilibrium interest rate and equilibrium ..
Consider the following Bach or Stravinsky coordination game with utilities. Identify all of the pure-strategy Nash equilibria for this problem. Explain whether or not the Nash equilibria are efficient. Explain how the government’s role, if one exists..
wyandotte chemical company sells a variety of chemicals to the automobile company. wyandotte currently sells 30000
The value of the firm is the:
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