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Question
Provide 1-2 real-life cases of macroeconomic policy that have the aim of (1) shifting the expectations of consumers or producers towards false directions, (2) limiting the knowledge/expectation formation of consumers and producers, or (3) weakening feedback loops in the market process.
In your opinion, is it a good idea to impose a heavy tax on e-cigarettes? Why or why not? If the government needs extra revenue, is this tax a better option than other taxes?
If the power of special interest were reduced for example, through the adoption of supra-majority voting rule, would economic efficiency improve? How would contributions to political campaigns be affected? Do you think politicians are very interested..
which are some of the goods or services (name at least three) that you would concentrate on? Would you increase or decrease the tax rate? Why?
Suppose they are honest and always report truthfully. What is the socially optimal quantity if the cost per CCTV camera is $120?
How do you satisfy your superiors who are demanding a "speedy" investigation without cutting corners? What resources can call upon to further investigation?
Where children is the number of children, motherseduc and fatherseduc are the years of education of the mother and father respectively and familyincome is the income of the family. We expect β1
What does the assumption of What does the assumption of constant velocity imply?
What happens to the quantity of housing available? What happens to the quality of housing and why? Who benefits from rent control? Who loses from rent control?
Describe the crowding-out effect of an increase in government purchases. Why does the magnitude of the crowding-out effect depend on how responsive interest rates are to increased government borrowing and how responsive investment is to changes in..
By welcoming foreign direct investment (FDI), China's open-door policy has added power to its economic transformation. Please answer the following QUESTIONS:
Imagine that you are a European living in the year 1919. How have the developments of the previous decades influenced your religious beliefs? Have they eroded or strengthened your traditional values?
Calculate the unemployment-rate, employment rate and participation rate (for each calculation, show the formula and your work).
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