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Question - What is a hypothetical situation in a common lifestyle where most humans could apply helpful behavioral economic concepts such as nudging and avoiding (or minimizing) choice overload, defaults, decision points, and intention-act gaps?
How do these things affect the U.S market of foreign-currency exchange and on net capital outflow (NCO): A tax reform that imposes higher capital gains tax to Americans involved in offshore banking?
Assume that the value of the currency of country J rises by 10% one year. Its price elasticity of imports is -0.6 and its price elasticity of exports is -0.7.
Draw a graph to illustrate the impact of the improvement in the production technology. Show your work in each part of the question and What is the new level of national saving?
(Default) The Republic of Delinquia has a nondisaster output level of $100 each year. With 10% probability each year, output falls to a disaster level of $80.
Suppose that Omar’s marginal utility for cups of coffee is constant at 1.5 utils per cup no matter how many cups he drinks. On the other hand, his marginal utility per doughnut is 10 for the first doughnut he eats
What is one long-run implication for monetary policy shared by both Quantity Theory of Money and the Natural Rate Hypothesis? When we are in a liquidity trap, monetary policy is weak and fiscal policy is powerful." True or False ? Why?
In China many farmers have switched from producing rice to producing vegetables and fruit because they can earn a great deal more money
On average, old cars pollute more than newer cars. Therefore, every few years, a politician proposes a cash for clunkers program.
(a) What is the consumer's expected income for each lottery? (b) What is the consumer's expected utility for each lottery?
Intermediate Microeconomics - ONLY 2 QUESTIONS IN ONE HOUR1.Suppose the demand and supply for milk in the European Union (EU) is given byp = 126 - 0.4Qd and p = 6 + 0.1Qs,
Describe the economic impact of the COVID-19 pandemic on the economic life of your community. Miami Dade College.
Who is in charge of making fiscal policy? If consumer confidence is low, which of the following will be the most effective fiscal policy?
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