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Question
There are many schools of thought that exist on what the role of government should be in our economy. Please offer your vision of what that role should be. List and explain any advantages/disadvantages that you see by the government getting involved in the economy. Also, should price discrimination be illegal? Why or why not?
Identify at least two changes that may occur for Social Security and Medicare benefits in the next 20 years. Then, describe key policies that the U.S. government could implement in order to ensure positive changes for Social Security and Medicare ben..
Imagine an economy with two types of goods; those that are tradable T (goods that can cross borders) and those that are not tradable NT. The technologies to produce them out of labor are T(L) = 2LT and NT(L) = 4LNT. The total amount of labor in this ..
Explain how the following tools can help solve adverse selection problem. Which one is more effective and why?
You are organizing a group of people to visit a state park for a day trip. You have to rent cars and hire drivers for the transportation. If you rent C cars, and hire D drivers, your utility function is U=min(C, D), because you have to find one drive..
Discuss who gains and who loses when an economy opens for trade. Explain what determines exchange rates in the short and long run.
Calculate the dominant firm’s residual demand, and marginal revenue of its residual demand. Plot them on the graph. Calculate the equilibrium quantity and price set by the dominant firm. Also calculate the equilibrium quantity supplied by each compet..
Explain who might be benefited or be harmed from a new RTA signed between Vietnam and the European Union?
Explain the reasons behind the shift and how that has influenced the equilibrium price.
You need to store information about the gardening tools that you sell in your online store. To do so, you maintain a list of product records
If Turkey and Russia are making their trades with their own currency, namely Turkey pay russian rouble to Russia when it takes products and Russia pay turkish lira to Turkey when it takes product. How does it decrease the value of dolar?
The Spanish economy failed to progress in the 17th and 18th centuries.
The first array has been initialized to 100 English words and the second has been initialized to the corresponding Latin equivalents.
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