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You regress income (Y) on years of education (X) and get the following result:
Y = 20000 + 4000X. What would be the estimated value for the average increase in income from going to college for four years versus going to work directly out of high school?
Drowns indifference curve for consumption and hours of work. (Hint: in class we discussed indifference curves for consumption and hours of leisure
Illustrate what market did Microsoft have a monopoly in the late 1990s. What technological advances threatened that monopoly.
Discuss the use of Gross Domestic Policy (GDP) to measure the business cycle. Discuss the roles of government bodies which determine national fiscal policies.
The Baby Boomer generation is aging and will require more health care support over the next some years. Tens of thousands of nurses and primary care physicians will be required to meet this demand.
Illustrate what factors have contributed to increased income inequality an economy along with an equitable income distribution may be efficient as well.
Describe the implications of this economic forecast and the income elasticity of demand for the pricing strategy.
A nation has a lower inflation rate than all growth. What can be said about each of the following.
Discuss the various ways governments can handle externalities, such as noise from a local airport or a barking dog or building of commercial office space or an industrial building in a residential area How does the assignment of property rights af..
Assume the consumption function is given by C=200+0.5(Y-T) and the investment function is I=1000-200r, where r is in percent. G equals 300 and T equals 200. Find the equation for the IS curve (hint: use the formula for equilibrium Y = C + I + G and t..
Suppose that the economy is short of its full-employment (potential) level of GDP, assumed to be $14,000 billion, by $500 billion.
Elucidate what are the differences among horizontal, vertical, and conglomerate mergers. Is one type preferable from the view of anti-trust policy.
Enrique is considering a trip around the world in three years. He will sell all of his possessions at that to fund trip. Two years ago, he bought a used car for $12,500.
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