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How does an intertemporal Budget contraint look assuming a progressive tax rate are there kinks?
Do you see any potential problems with this idea? Explain. What are the cons of the strategy?
What is the independent variable? What is the dependent variable? What is the intercept? What is the slope? Which equation represents demand side? Which equation represents supply side? What are endogenous variables in this model? What are exogenous ..
Free trade will affect a country's employment in different industries. When one individual writes a check to another individual the money supply will not be changed. A bank's required reserves are the fraction of deposits they are required by law to ..
Why is the price elasticity of demand a relative measure? That is, why is elasticity measured in percentage terms rather than absolute terms?
Compare the primary costs involved in cleaning up the water immediately (and thus confessing)versus hiding your culpability now and possibly paying more in the future. Predict the impact on profitability in both situations.
Consider the model yt = a + b0*xt + b1*xt-1 + b2*xt-2 + vt where vt is an independent random error term with zero mean and constant variance. The one-period interim multiplier is:
Is there some summary article on using variation in US bequest taxation as natural experiments? Has there been variation over time or over different states? Is there perhaps a paper that already has used this?
A firm has a production function (products of the whole year) given by q = 500 LK . Wage is $40,000 per year and capital rental rate is $90,000 per year. Find the best way to produce 6000 products in a year. What is the total cost to produce? b. Fin..
John offers to sell Mary his refrigerator for $1000 cash payment due by April 1 2016. The refrigerator to be tendered to Mary upon payment. Mary says to John that she agrees. Is this a legally enforceable contract under the common law? Would the Stat..
There are many economists who defend the notion that the United States has to clean up their trade policies in terms of relationships, agreements and even tariffs- Their justification is that in order to compete, the United States should position the..
Clara consumes goods x and y. Her indifference curves are described by the formula y=k/(x+5). Higher values of k correspond to better indifference curves. Which of the following is true?
Use the National Longitudinal Survey Youth Sample dataset (wagepan) for the questions that follow. The data has been analyzed by Vella and Verbeek (1998) in their study on the impact union membership has on wages for young males.
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