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In the midst of a recession, if you could choose only one option to stimulate the economy, would you recommend the use of fiscal policy or monetary policy? [Your response should include an explanation of the pros and cons of each policy in order to support your case]
Ann’s preferences are represented by a utility function UA(x). Suppose one were to (coloquially) say that Carol has more “sensitive preferences” than Ann: her utility function UC (x) satisfies UC (x) = 2UA(x). Prove that for every choice set, Ann and..
Assume that the most efficient production technology available for making vitamin pills has the cost structure given in the following table. Note that output is measured as the number of bottles of vitamins produced per day and that costs include a n..
(i) Construct a payoff matrix for this game. (ii) Determine whether each firm has a dominant strategy and, if it does, identify the strategy. (iii) Determine the optimal strategy for each firm.
One of the basic tenets of the American government is respect for private property. Why, in your mind, is this so critical? Many countries throughout the world do not place high value on private property believing that property in private hands leads..
Why would consumers demand 0 minutes in the long run if the price was $.30 every minute.
Explain why China has in recent years been manipulating its exchange rate relative to the dollar, and how it effects this currency manipulation
was low at a point and time in past human capital is also relevant never ever use selection bias! Equipment is it investment or is it technological change.
Interview a small business owner and ask him or her about both the positive and the negative role of government in their business. Write a 2 page summary of your interview and include the questions you asked.
Describe the characteristics of each of the following trade blocks. Be certain to explain the ways in which they are the same and the ways in which they differ.
Assume Microsoft chooses to produce 80 million copies of the software per year and sells copies of the software to retailers at $199 per copy.
Discuss the types of situations where you would expect to see non-constant variance in the data. Provide examples to support your response. Describe a specific instance where heteroscedasticity would be a problem and the remedial measures that could ..
Prices (fuel, water, grocery items, etc.) tend to rise in response to a natural disaster.
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