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Economic Questions
Short answer for each
1. What is meant when we economists say that industrial policy leads to inefficient use of resources?
2. GMO-free soybeans cost about $2 per bushel more than GMO soybeans. How many hours does someone have to work to pay that premium in the U.S. where average wages are about $25 per hour? How many hours does someone have to work to pay the premium in those African countries where average wages are about $.25 per hours? Are attitudes toward GMO-free crops likely to be different in Africa and the United States?
3. If it is so obvious that farm subsidies hurt consumers of food, especially lower income consumers, why do such subsidies continue to be voted in by Congress?
5. How would a change in immigration laws that allowed more legal immigration into the U.S. affect the budget crisis we face with Social Security and Medicare?
6. Has there ever been a problem with the extinction of cats, dogs or cattle? Why not? Why do fish stocks diminish to low levels?
The table shows a bank balance sheet. The bank has no excess reserves and there is no currency drain. Suppose the bank sells $5 million of govt securities to the central bank in an open market operation. 1.As soon as the sell happens the bank can c..
Ann and Bob are in an Italian restaurant. The owner offers them a free pizza under the following condition. Each player must simultaneously announce how much of pizza (in terms of percentages) they would like.
Explain the characteristics of LGE's human resources strategy. Identify how this HR strategy is helping the company to deal with the diversity.
Competitive industry, market determined price =$12, Output = 50 units, ATC = $10, Marginal cost = $15, AVC = $7-Is this firm making the right profit maximizing decision? If yes, why and if not, what should this firm do?
higher interest rates have an impact on the value of the dollar. what is the effect and how does this relate to foreign
Comparison within Chicago economics - such as two Chicago economists, or two articles by Chicago economists, or two fields as they developed at Chicago, or ideas of a Chicago economist at different points in time.
What implications does the imperfect nature of this type of research have for social psychological science? How can these two competing views (by the same person) be reconciled?
A news network stated that a study had found a positive correlation between the number of children a worker has and his or her earnings last year.
Determine your position, utilizing two subjects from those you select below, which you will initially defend. 1) Advocate for the position and 2) then advocate for your critic's position which is the oppposite.
ECO 201 Final Project - Paper must be done on the company Coca Cola site sources in APA style format
Show that if people did not know which one of the identities {a, b, c} they were to have before they vote, if they regard any one of these three identities as equally likely and if they are concerned to maximise expected utility, then majority vot..
Curly's Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $33,000 per year forever.
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