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Outline the possible work disincentives created by anti-poverty programs. Is there a way to solve this problem without causing other forms of inefficiency to arise? Explain your answer.
1. Contrast keynes and Leijonhufvut policy perspectives on recessions and depressions. 2. A "macroeconomics that is consistent with sustainability development" should adhere to the principles of which economist?
Based on your understanding, would a sharp increase in taxes or a decline in exports to Europe, in fact, push the U.S. economy into a recession? Explain your reasoning.
Answer this question on the basis of the above demand and cost data for a specific firm. Refer to the above data. If columns 1 and 3 are this firm's demand schedule, the profit-maximizing level of output will be:
Suppose that a certain country has an MPC of 0.9 and a real GDP of $400 billion. If its investment spending decreases by $4 billion, what will be its new level of real GDP?
Explain the difference between positive and normative economics and how this affects ethical decision making. How would this situation be described in terms of Positive economics? Which of these do you think is the correct way to describe this situat..
Suppose it takes a total of 100 hours to produce a car (mathematically speaking, this means one hour of work “produces 0.01 cars”). If the average wage in car making is $50 per hour, and each car needs $1,000 worth of inputs other than labor, What is..
Illustrate what level of control variable are net benefits maximized. Illustrate what is relation between marginal benefit and marginal cost at this level of control variable.
Suppose the tax rate is 10% on the first $20,000 of taxable income, then 25% on the next $30,000, then 50% on all taxable income above $50,000. The government also provides a $4,000 exemption per family member. Compare the average tax rates for Ben’s..
Tom was a tall man who operated a successful restaurant that he owned. He believed that tall people commanded more respect in a restaurant. Accordingly, he never hired a waiter or waitress who was less than six feet tall. After a few inquiries, she l..
Suppose you win a lottery, and your after-tax gain is $40,000 per year until you retire. As a result, you decide to work part time at 32 hours per week in your old job instead of the usual 40 hours per week. Calculate the annual income effect on hour..
The South American cocaine industry consists of several "families" who obtain the raw material, refine it, and distribute it to the U.S. There are only about 3 large "families", but there are several small "families". What market structure does this ..
Draw a set of coordinate axes on a piece of graph paper. label the horizontal axis from 0 to 5 units and the vertica axis from $0 to $20 per unit. draw a demand curve that intersect that vertical at $10 and horizontal axis at 40 units
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