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The value of informal long-term care provided by family members and friends is estimated at over $450 billion annually, more than double the national expenditures for skilled nursing and home care combined. Much of this cost would fall to government if it were not for this informal system. Would you support government assistance for informal caregivers, through mechanisms such as tax reduction incentives, or subsidy for respite care? Why or why not? If not, what alternative measures would you propose to help keep the informal system intact?
The purpose of this assessment is to understand the concept of full employment and analyze how frictional unemployment affects it. Assessment Description: Based on your understanding of full employment, Provide appropriate rationale to support your r..
Relative to Tom, does Dick require more bananas, less bananas, or the same number of bananas to give away an apple.
q1. y fk l a k0.4l1.0a calculate the marginal product of labor mplb does this production function exhibit diminishing
A consumer splits their income equally between two goods. If the price of one good increases by 10% and their income increases by 5%, show that the consumer’s optimal consumption bundle will change despite them being able to afford their original bun..
Elucidate how does the real wage rate at point c compare with the real salary rate at point a. How do nominal wage rates compare at those two points.
You have decided to purchase a new automobile with a hyprid- fueled engine and a six - speed transmission. After the trade - in of your present car, the purchase price of the new automobile is $30,000. Should you accept the 3 % finance plan or accept..
Government can take advantage of the power of the multiplier and can help reduce the unemployment rate by increasing Government Expenditures on goods and services or by reducing taxes. Can you suggest any other ways that the Government can spend mone..
Find the firm's fixed cost and variable cost, average total cost, and average variable cost in the short-run. Find the firm's short-run supply curve function. If P = 15 is given, what is the optimal output level for this firm to maximize its profit?
Discuss which of the following activities will contribute in the U.S. GDP. Support your responses with appropriate rationale. A grey market includes distribution channels, which are legal but are unofficial,unauthorized, or unintended by the original..
Consider a neighborhood with 1000 residents. Each individual must choose (let’s assume simultaneously) whether to be a criminal or not. If an individual chooses to attempt a criminal act, their payoff is 200 if they succeed, but -300 if they are caug..
Suppose Mary has an income of $80 to buy bags and belts. The price of a belt (good 1) is $10 and the price of a bag (good 2) is $20. Martha, Mary’s sister, also buys belts and bags. Her consumption behavior is such that she can buy two belts (good 1)..
In 2009, the United States imposed a tariff of 35% on radial car tire imports from China. The tariff caused imports of these tires to drop from 13 million tires to less than 6 million tires in one quarter, and the average price of these tires to incr..
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