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Consider the following two proposals to reform unemployment insurance. Briefly explain the arguments for and against each reform.
a. The insurance payment would be increased so that it replaced 100% of a worker's regular labour income for 26 weeks.
b. Each worker would be paid a lump-sum equal to 10 weeks of his or her labour income at the start of the spell of unemployment. There would be no other payments.
Explain the concept of comparative advantage and the principle theories of why trade occurs and analyze and discuss the sources of comparative advantage in national economies.
Just construct the diffusion index from month 2 to 3. In this problem, we have three leading indicators. The diffusion index from month 1 to 2 is 66.7 (=2/3) because two indicators move up and one moves down.
Consider the basic Rothschild-Stiglitz model with asymmetric information and two types on consumers. A policymaker who has taken this class suggests that is might be beneficial to impose a flat tax on healthy people and distribute the tax revenue to ..
A manufacturing firm is attempting to determine whether an existing machine is capable of milling an auto part that has a key specification of 2±0.004 inches. After a trial run on this machine, they have determined that the machine has a process mean..
When the Fed sells government securities:
Suppose each government has a target level of output of 125 and that each government increases government spending by the same amount.
What are the four stages of the business cycle? In which stage do you believe the U.S economy is now? Why? What is the gross domestic product? What is its relationship to productivity? What are the effects of inflation on an economy? What are the eff..
One more year passes, and the A-B free trade area negotiates a partial reduction in barriers to their trade with country C. Without drawing any additional diagrams, is this action more likely on net to generate trade creation or trade diversion? Expl..
She sampled 40 patients and found the sample mean cost for rehab was $15706 with a sample standard deviation of $2016.
How important is the role that ODBC plays in the world of databases? Which one of Codd's rules is most applicable in describing its function?
Choose at least three of the barriers to entry listed below that affect the market in which your business operates (or a company of your choice). Explain how these barriers affect your company. Economics of scale - Barriers created by government - Es..
Your company, ExAG, exports billions of dollars in genetically modified agricultural products around the world. What position, either for or against, do you recommend your industry trade association take? Explain in detail the reasoning behind your p..
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