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One way to design a housing subsidy is to pay a certain percentage of a tenant’s rent, allowing the renter to shop for whatever housing the person thinks most appropriate. An alternative policy is to pay a fixed dollar amount toward whatever rent the person chooses. (Assume that the program is not generous enough to pay more than the tenant’s entire rent.) Which of the following statements is not true if, in equilibrium, the two programs are transferring to the individual the same dollar amount of subsidy? a. The tenant consumes more housing under the price subsidy program. b. The tenant has more utility under the fixed dollar transfer program. c. There is a greater efficiency loss under the price subsidy program. d. The tenant is spending exactly the fixed dollar transfer on housing and no more.
Suppose the bank of Canada wanted to increase the supply of money. How could it use monetary policy achieve the goal? The money demand curve is shown in a graph with interest rate on short term assets on the vertical axis. Why use short-term interest..
Between 1970 and 1976, average inflation rate of Country X was about 35 percent per year. With that rate of inflation, prices would double about every ________ using the rule of 70.
What is their goal, and illustrate what decision criteria do they use in trying to reach that goal.
Lisa plans to retire on her 61st birthday. On her 22nd birthday, Lisa will start savin $A per year for 40 years. Starting on her 62nd birthday, Lisa plans on withdrawing $10000 and will continue these annual with drawls until the account is exhausted..
Suppose SRAS is horizontal as believed by Keynesian economists and is given by P = 110 and that the aggregate demand curve is P =200-2Q. Now suppose that the SRAS shifts upward from P=110 to P = 115. What will happen to the inflation rate? What will ..
Explain why an economy in which airlines charge different passengers different prices for the same flight will not have exchange efficiency. b. Going back to our two good (Apples, Oranges), two person (Ed, Mary) economy, suppose that at a given alloc..
Consider a large country importing good X in the international market. The country is large enough to influence the international price for good X. Let the initial international price of good X be $100, where the country imports 100 units and produce..
Common website navigation types include all of the following except
A) Why has Uber cut prices substantially? ($500) B) What assumptions has Uber made about price elasticity of demand among its customers? ($500) C) If customer demand is price inelastic, will total revenue rise or fall? Explain your answer in 1-2 sent..
In the long run, there will be no unexploited scale economies (excess capacity) in
To conduct an experiment, AMC increases movie ticket prices from $9 to $10 and measured the change in ticket sales. Using the data over the following month, they concluded that the increase was profitable. However, over the subsequent months, they ch..
It comes to global expansion and setting up affiliates aboard, how is a service company's focus different from that of a manufacturing company
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