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During the passage of the U.S. ?scal stimulus bill of February 2009, many members of Congress demanded "buy American" clauses, which would have prevented the govern- ment from spending money on imported goods. According to the analysis would U.S. government spending constrained by "buy American" restrictions have had a bigger effect on U.S. output than unconstrained U.S. government spending? Why or why not?
Discuss the reason why governments might want to intervene and how they might do- with respect to the following "problem" in the functioning of an otherwise perfectly-competitive ("pareto-efficient") economy:
Which one shirts or sweaters, has a demand-elasticity which allow you to increase the price, sell fewer units BUT still increase your revenues.
How does your decision to invest in a college degree add to your capital stock? Show this on your projected production possibilities frontier for ten years from now compared to your production possibilities curve without a college degree
What are strengthen or weaken the argument that monetary policy should be the primary tool for smoothing the business cycle.
develop a powerpoint presentation intended to introduce foreign dignitaries to actions of our federal reserve.address
What is the comparison and contrast of the "life cycle" hypothesis and "permanent income" hypothesis and their respective implications for inequality in the income distribution?
Explain the difference between the incentives of the owner of a house and renter of a house to undertake expenditures designed to improve or maintain the house. For example, are renters more likely to replace light bulbs
A company in a purely competitive industry is currently producing 1000 units a day at a total cost of $450. If the firm produced 800 units per day, its total cost would be $300.
Sara's income is $12 a week. The price of popcorn is $3 a bag, and the price of a cola is $3 a can. a. What is Sara's real income in terms of cola? b. What is her real income in terms of popcorn?
Compute the marginal cost in the given case. Illustrate what is the marginal cost with 8 workers to two decimal places.
Think the market for new, single family house in Miami. The general demand function for new housing in Miami is anticipated to be Qd =15 - 2P + 0.05M + 0.10R,
During China’s Cultural Revolution in the late 1960s andearly 1970s, highly educated people were forced to move to farms and work in the fields. Some were common laborersfor eight or more years.
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