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Suppose that all growth occurs by moving people from the poor category to the middle class category. Will the savings rate rise over time or fall? Using the Harrod-Domar modeland assuming that population growth is zero and all other variables are exogenous, predictwhether the resulting growth rate will rise or fall over time.
The probability of accepting the next wage offer is: Which of the following would be considered a real (as opposed to pecuniary) externality associated with migration? The longer the expected length of tenure on the job:
Automobile Insurance Antonio Munoz and Jacinto Segura won some money from two unidentified men in a craps game in a Los Angeles park. When Munoz and Segura left the park in Segura’s car, the two men followed them in another car. What is the Rule, App..
A problem with third-party financing of so much of health care is that
Consider the difference equation below. Identify the steady state/equilibrium points, and determine for each whether the system converges to it or diverges graphically. Also determine the first 20 values if X0=1.2 and X0=2.5 two cases and relate to y..
Under what supply and demand conditions would an excise tax create a large incidence of the tax on suppliers and a small incidence of the tax on consumers? Explain how this works.
Elucidate when the monopolistically competitive firm lowers price from $16 to $12, how much does total revenue change.
The rate of growth in the US economy is currently 0.5% annually. Your mission is to increase our growth rate to at least 4% annually, without setting off unacceptable levels of inflation. Think of ways to use your fiscal and monetary policy tools to ..
A consumer’s income in the current period is y=100, and income in the future period is y’=120. He or she pays lump-sum taxes t=20 in the current period and t’=10 in the future period. The real interest rate is 0.1 or 10% per period. Compute the consu..
Suppose that there are 100 identical firms, each with the following technology: f D K1=4L1=2 . Suppose also that in the short run K D 1, with r D 1,and P D 4. For the short run: Calculate the MPL and each firm´s demand for labor. Find the market sup..
Suppose that the demand for healthcare services is perfectly inelastic while the supply curve is upward sloping. Analyze the impact.
Please write some comment about the following point of view. And it is better that have some real world data to support the comment, from perspective of supporting free trade. “have forced American workers to compete against desperate and low-wage la..
Illustrate what is the capital account balance. Illustrate what is the financial account balance.
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