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Question: Consider a country in which income distribution is given as follows: (1, 1, 2, 3, 5). Let the poverty line be 2.5 Suppose that the income of the second person has increased so that the income distribution becomes: (1, 2, 2, 3, 5). What is the impact of this income increase on poverty?
Suppose there is a simultaneous increase in government spending and an increase in the money supply. Explain what effect this particular policy mix.
Using the 'Policy Trilemma' as a theoretical backdrop discuss in some depth the reasons for the collapse of the Bretton Woods System.
A hospital has just increased its lab fee from 34 to 62. As a result, the volume for the lab tests has decreased from 156 to 53. What is the price elasticity [E] of the lab test? (hint: use the point estimate formula and keep one decimal space)
Why is income data reported using household income? Wouldn't an accurate way of determining the health of the economy be by using the median income of the every day worker? In a household there may be 2 or 3 working people. So it brings an illusion t..
In the two countries, Techi and Aggi, the costs of all factors of production are constant, the factors are perfect substitutes for each other and thus equally productive (efficient). Currently, before trade, Techi’s residents prefer to produce and co..
q.suppose that social statistical data on two macro indicators were just released in the us. the price growth for past
Under what condition will the buyers of Good X bear a greater increase in tax burden than the sellers?
What is the price elasticity of demand for the phones and is this consistent with the increase in revenue? Please give an explanation and show all calculations.
Continuing with the modified balance sheet with $40 million in Level 3 assets, assume the bank issues an additional $3 million in stock and sells $20 million of its Level 3 assets for cash through the government's troubled asset relief (TALF) program..
If you were starting a soap business (laundry soap), what strategy would you use to compete with Procter & Gamble and Clorox? How would you reach your target market? How and where would you advertise? We talk about the power of word of mouth-how do y..
Many ethical issues existed within in the Dalkon Shield scandal. "There is ample evidence that A. H. Robins Company advertised, developed, tested, exported, and continued to market a product that was known to be dangerous and ineffective"
Suppose you have a cash flow that pays $10 in every period from time 16 to 50 and you face an interest rate of 10%. What is the present worth of this cash flow?
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