After researching the latest consumer confidence estimates, in addition to the latest unemployment and inflation estimates, do you estimate good or bad times ahead for the U.S. economy in the next five to ten years. You are being asked to consider economic growth (ie the growth of real GDP).
Suppose that the demand curve is given by the following: P = 10 − Q. Moreover the supply curve is given by P = Q. a) Calculate the market equilibrium as well as the consumer, producer and total surpluses. b) Suppose that the government now imposes a consumption tax equal to $1 per unit being bought and sold in the market. Calculate the new equilibrium […]
Discuss using four specific examples how the COVID-19 pandemic has demonstrated the need for an efficient public sector particularly in small developing countries, given the imperfections of the perfectively competitive market system
Suppose the U.S. dollar weakens against the euro (and against other major currencies). This weakening of the dollar will cause which of the following to occur? A) The aggregate demand curve will shift to the right and the short-run aggregate supply will shift to the right. B)The aggregate demand curve will shift to the right and the short-run aggregate supply will shift to the left. […]
Create a metrics subsection to your paper. In this section create a “Metrics Dashboard” and document your work’s major workflow with perceived WIP limits. Also calculate your AAR and ADR to determine what WIP optimizations you could realize. Further, calculate the cycle time and lead time for a given work flow. Write 750-1000 words about your findings and recommendations to remediate issues. Be prepared to […]
Discuss the impact of income mobility on income distribution data. List causes of an unequal income distribution. Describe changes and causes for the changes in inequality since 1970. Contrast social insurance and public assistance (welfare) programs.
Two common drawbacks of Pigouvian subsidy mentioned in the literature are related to monetisation and measurement of social cost (Baumol) and reciprocity of social cost (Coase). What alternatives to Pigouvian taxes are proposed in the literature? Have any of such alternative measures been implemented in practice?
1. Explain how each of the following events would affect the supply of loanable funds curve: a. The economy is in a recession so people’s disposable income is lower. b. The stock market is booming so people’s wealth is higher. c. The future looks a bit more grim, so expected future income is lower. d. The real interest rate increases. 2. Why is the nominal […]
4. A town has two residents: Homer and Bart. The town currently funds its fire department solely from the individual contributions of these residents. Each of the two residents has a utility function over private goods (X) and total firefighters (M) of the form U (X, M) = 6 ln X+ 2 ln M. The total provision of firefighters hired, M, is the sum of […]
Consider a two-period small open endowment economy populated by a large number of house-holds with preferences described by the lifetime utility function 110 1 C 111 2 , where C1 and C2 denote, respectively, consumption in periods 1 and 2.Suppose that householdsreceive exogenous endowments of goods given by Q1 = Q2 = 10 in periods 1 and 2, respectively.Every household enters period 1 with some […]
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