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Q1. Besides elections and campaigns, do the major political parties influence public values and ideas? Do you think their level of influence is appropriate? Why? Do minor parties influence public values and ideas? If not, Explicate why. If so, Explicate how.
Q2. Assume we have a Cobb-Douglas production function of Y = K0.5L0.5. Assume s =0.25, d = 0.25, and initial k = 5. Derive the steady-state level of capital (k*) (calculate until Dk is at a level where the first 2 decimal points are 0.
A. Illustrate happened to capital accumulation? Did the capital stock increase or decrease.
B. Did the economy (y) increase or decrease? Why do you think which happened?
Congresswoman Gaga represents a state in which several firms fabricate furniture. She needs to impose tariffs on all imported furniture.
If the firm's MARR is increased to 25%, what would be the required savings in leasing so that the project would remain profitable.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Economists argue that the move from barter to money increased trade and production. How is this possible.
Nancy's price-offer path is horizontal. Explain how does Nancy's expenditure on good 1 respond to changes in p1.
Decide to conduct a SWOT analysis to evaluate the value and risks. Provide a SWOT analysis and briefly discuss each factor.
Why would an ounce of gold be priced higher than an ounce of coffee beans though coffee is generally considered more essential than gold
Compare social welfare under the bribe with social welfare in the case where the police officer always abides by the law.
Consider a product market for a normal good. Suppose consumers' income increases. Explain what will happen to labor demand for firms in that market.
Elucidate what would be the immediate and long run effects on c, k, and y. Explain by drawing the path of these variables. Consider that you impose the new saving rate.
According to the rule of most favorable input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the corporation.
What is the highest cost of migration that a worker is willing to incur and still make the move
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