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How does voter turnout in the United States compare with other nations?
What are some of the reasons that we have the turnout we do?
Can you think of way to incentivize voter participation without having negative consequences?
Suppose that a jewelry store found that when it increased prices by 10 percent, sales revenue increased by 3 percent. Which of the following is true about the price elasticity of demand for the store's goods?
A manager hires labor and rents capital equipment in a very competitive market. Currently the wage rate is $12 per hour and capital is rented at $9 per hour. If the marginal product of labor is 40 units of output per hour and the marginal product of ..
The demand for housing is often described as being highly cyclical and very sensative to housing prices and interest rates. Given these characteristics, describe the effect of each of the following in terms of whether it would increase or decrease th..
If the equation for a country's Phillips curve is p = 0.02 – 0.7(u – 0.055), where p is the rate of inflation and u is the unemployment rate, what is the short-run inflation rate when unemployment is 5.8 percent (0.058)? Describe the difference in as..
Identify the most important factor shifting the AS curve in the long term. Briefly explain both how and why this factor shifts the aggregate supply curve. Identify and briefly explain the neoclassical argument and the key building blocks of neoclassi..
Suppose that the US Department of Homeland Security is concerned about the prevalence of airborne biological weapons in large sporting events in the US. Begin by assuming that there is no government policy yet. Consider the market for a system called..
a. Calculate Dane's accounting profits b. Calculate Dane's economic profits
What level of pretax cost savings do we require for this project to be profitable? MACRS schedule.
Each firm has the usual U-shaped average-total-cost curve. The market is in long-run competitive equilibrium.
Suppose you have 5 stocks. In the past week they have changed in the following way: +5,1,+2,3,2. For each of the value functions from the previous problem, determine what the optimal way to bracket stocks into a portfolio to maximize the value.
Describe the role of the World Bank in the international community. How does the World Bank contribute to the overall stability of the global exchange market?
a) Find the total welfare when the government does not intervene. b) What is the socially optimal output level? And the total welfare at this level of output?
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