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The U.S government spends over $15.8 billion in its Food Stamp Program to provide millions of Americans with the means to purchase food. These stamps are redeemable for food at over 160,000 store locations throughout the nation, and they cannont be sold for cash or used to purchase nonfood items. The average food stamp benefit is about $170 per month. Suppose that, in the absence of food stamps, the average consumer must divide $500 in monthly income between food and "all other goods" such that the following budget constraint holds: $500=$10A+$5F, where A is the quantity of "all other goods" and F is the quantity of food purchased.a. Using the vertical axis for "all other goods," draw the consumer's budget line in the absence of the Food Stamp Program.b. What is the market rate of substitution between food and "all other goods"?c. On the same graph, show how the food stamp program alters the average consumer's budget line.d. Would this consumer benefit from illegally exchanging food stamps for cash? Explain.
I would have selected JEL industries as it is located in a nation which is part of the European Union and using Euro as its currency.
Stiglitz also argues that the IMF as another agenda besides its stated agenda of promoting stability and growth in LDCs. What does he mean by this? What, according to Stiglitz is the IMF's other agenda?
Do you have any suggestions for where the government may need to cut spending to lessen the deficit that is increasing due to the tax cut Which programs can the U.S do without right now
Suppose that more companies receive permission to drill foroil in Alaska and U.S.-controlled waters. In addition, assume thatthe popularity of SUV's declines in favor ofsmaller, more fuel efficient automobiles.
From an accounting standpoint, stock splits neither add nor detract from the intrinsic value of the stock. For example, if stock was $100,paying a $2.50 dividend and underwent a 2:1 split,
The U.S. Postal Service (USPS) operates at a loss but its closest competitors - UPS and FedEx - both operate at a profit. Suggest how fixed costs have contributed to the situation of the USPS. Provide support for your response.
Suppose that last week's exchange rate is 12.5 pesos to the dollar and this week's exchange rate is 8 pesos to the dollar. a. What is the price of a $50 item in pesos b. What is the price of a p100 items in dollars c. Has a dollar appreciated or depr..
Suppose US and Russia produce only two goods meat and potatoes in a week's time according to the table below which shows their production possibilities. Usa: Meats 2lbs Potatoes 4lbs Russia: Meats 5lbs Potatoes 20lbs ..
The European Union has heavily sheltered its farm sector through import duties; in addition, Union subsidizes its exports of agricultural items. If cropland is regarded as a factor of production.
why are some groups in the U. S. extremely critical of corporations that earn growing profits Is this criticism a function of large CEO salaries or is something else driving these attacks
In Canada, law suits against pharmaceutical companies and medical professionals are prohibited by law. Therefore, the prescription drug industry in the U.S. should be more regulated and subject to price controls
(1) the price of television sets increases by 4% in Japan, (2) the dollar depreciates by 5% with respect to the yen (Japanese currency), (3) consumer incomes in the U.S. increase by 3%, (4) the price elasticity of demand for imported TV sets in th..
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