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Land-use restrictions may be intended to correct inefficiencies in urban land markets. However, they also impact the distribution of educational resources, and thereby contribute to educational (and economic) inequality in the U.S. Name one land use restriction that contributes to education inequality. Be sure to (i) explain precisely what the restriction is and (ii) how it contributes to inequality in education.
q1. are all expenditures of a government included in the calculation of gdp for that nation? explain why or why not? if
In 2008, the price of crude oil (per barrel) set an all-time record of approximately $147 and then sank to near $40 by the end of the year. Since crude oil is a resource that is used in many industries, how would these changes in price impact of 3..
An investor is trying to decide between 2 mutual funds. Mutual fund #1 offers a slightly higher return than mutual fund #2 so the investor decides that he will invest in mutual fund #1 unless the risk of mutual fund #1 is significantly higher than th..
Suppose that hospitals use nurses (N), doctors (D) to perform surgeries (Q). The production function for surgeries is: Q = F(N;D), where F(N;D) is some function that increases in N and D. Assume that the marginal products of N and D are diminishing
Suppose that Congress imposes a tariff on imported autos to protect the U.S. auto industry from foreign competition. Assume that the United States is a price taker in the world auto market. The following graph shows the U.S. auto market, the world pr..
Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are (as percentages of all hamburgers sold): 28%, 26%, 23%, 10%, 7%, 4%, and 2%. What is the four-firm concentration ratio of the hamburger industr..
q1. research comes out that supports that drinking more green tea helps to keep you healthy. ceteris paribus what would
A change in the real one supply can result either from a change in the nominal money supply through Federal Reserve policy (holding the price level conatant) or from a change in the price level (holding the nominal only supply constant). the change i..
As part of their chores on Saturday mornings, they have to clean the bathrooms also wash the floors of the house while their parents go grocery shopping.
Imagine that you are a policy consultant and you are asked your thoughts on restructuring the European Union. In your opinion, which of the following institutions is the most significant (you must also define what you feel the concept of “significant..
A markets demand and supply functions are as follows: QD=90-2P and Qs=2p-10. Determine the equilibrium price and quantity. Assume the government imposes a price restriction which states that the price cannot be less than $30 per unit. Calculate the s..
The private marginal benefit for commodity X is given by 50-5 X , where X is the number of units consumed. The private marginal cost of producing X is constant at $10. For each unit of X produced, an external benefit of $5 is imposed on membe..
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