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Question 1.
What is path dependence? Discuss in the context of the case studies presented in this course.
Question 2.
To what extent does climate change reflect a market failure and/ or policy failure? Explain.
Question 3.
What is the argument presented in the video Message in the Waves? How does it re?ect the economics of technological change, market forces and consumer choice? What is your view about the resolution of the problems discussed in this video?
Question 4.
What is the argument presented in the book by Brynjolfsson and McAfee? Discuss in light of the other material presented in this course. What is your View about the future of work and the distribu'don of income? Are you optimistic? Explain.
Which one is more effective comparing with the tools of fiscal policy?
A monopoly firm enjoys a great deal of market power. Is the government right in intervening in free markets to limit monopolies? Explain.
Identify the market structure of the building and construction industry in your country. Outline the solutions to the housing affordability problem.
Assume that a perfectly competitive, constant cost industry is in a long run equilibrium with 20 firms. Each firm is producing 70 units of output which it sells at the price of $18 per unit; out of this amount each firm is paying $2 tax per unit of t..
To show the gradual development of inflationary pressures in the postwar U.S. economy, and to show why these pressures posed problems for policymakers and also for Keynesian economics.
Monetary and fiscal policies can often change simultaneously. In the early 1980’s, the U.S. government cut taxes and ran a budget deficit and the Federal Reserve pursued a contractionary monetary policy. Given that the government’s goal was to raise ..
Alice’s preferences are represented by the utility function U(x, y) = x/ y if y > 0 and U(x, y) = 0 if y = 0. Draw a couple of her indifference curves, describing precisely your procedure, showing whether or not she • prefers more of each good to les..
Nearby College has done a study of college enrollments and has concluded that the number of students in the fall term is given by
Nominal GDP for an economy is $10 trillion. Real GDP is $9 trillion. What is the value of the implicit price deflator?
Suppose the government is concerned that research assistants already make too little money and, therefore, wants to minimize the share of the tax paid by employees. Of the three tax proposals, which is best for accomplishing this goal?
What do you say to the idea of a city government imposing a tax on those who watch the fireworks? Give me two reasons to support it, and two reasons
Please show how labor markets (assumed to be competitive and initially in equilibrium) are affected by the following changes. Clearly explain your reasoning. Labor market for math and science teachers. Wages available in private industries utilizing ..
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