Economics

Consider a small open economy in the short run where the government decreases th

Consider a small open economy in the short run where the government decreases the tax rate. (a) Given a floating exchange rate sketch a graph of the impact of the tax decrease (b)…

Consider a small open economy in the short run where the government decreases th

Consider a small open economy in the short run where the government decreases the tax rate. (a) Given a floating exchange rate sketch a graph of the impact of the tax decrease (b)…

Consider a small open economy in the short run where the government imposes trad

Consider a small open economy in the short run where the government imposes trade tariffs on corn. (a) Given a floating exchange rate sketch a graph of the impact of the tariffs o…

Consider a small open economy in the short run where the government imposes trad

Consider a small open economy in the short run where the government imposes trade tariffs on corn. (a) Given a floating exchange rate sketch a graph of the impact of the tariffs o…

Consider a small open economy populated by N people with preferences u(c1i,c2i)

Consider a small open economy populated by N people with preferences u(c1i,c2i) = ln( c1i)+ ln(c2i) for i =1 ,2,...,N. Each person has a potentially dierent earnings stream (y1i,y…

Consider a small open economy that is in equilibrium with a current account surp

Consider a small open economy that is in equilibrium with a current account surplus. An increase in future marginal product of capital results in: a. a leftward shift in the inves…

Consider a small open economy that maintains a fixed exchange rate and is charac

Consider a small open economy that maintains a fixed exchange rate and is characterized by imperfect capital mobility. Suppose that it's domestic goods market is continually affec…

Consider a small open economy that maintains a fixed exchange rate. Explain what

Consider a small open economy that maintains a fixed exchange rate. Explain what effects a reduction in the interest rate that prevails in world financial markets would have on ea…

Consider a small open economy. An increase in investment demand implies a) an in

Consider a small open economy. An increase in investment demand implies a) an increase in the trade balance, a fall in net capital outflow, and a rise in the real exchange rate b)…

Consider a small open open economy operating a fixed exchange rate. Compare the

Consider a small open open economy operating a fixed exchange rate. Compare the effects on domestic real GDP of an increase in government spending under each of the following circ…

Consider a small town that has two grocery stores from which residents can choos

Consider a small town that has two grocery stores from which residents can choose to buy a loaf of bread. The store owners each must make a decision to set a high bread price or a…

Consider a small town that has two grocery stores from whichresidents can choose

Consider a small town that has two grocery stores from whichresidents can choose to buy a gallon of milk. The store owners eachmust make a decision to set a high price on milk or …

Consider a small town that is served by two grocery stores, White and Gray. Each

Consider a small town that is served by two grocery stores, White and Gray. Each store must decide whether it will remain open on Sunday or whether it will close on that day. Mont…

Consider a small town that is served by two grocery stores, White and Gray. Each

Consider a small town that is served by two grocery stores, White and Gray. Each store must decide whether it will remain open on Sundays or whether it will close on that day. If …

Consider a small, developing nation which has an abundance of oil reserves but o

Consider a small, developing nation which has an abundance of oil reserves but oil revenues have been squandered. The population’s health is in decline and so is the economy. A di…

Consider a society comprised of two people. Edison earns an income of $100,000 p

Consider a society comprised of two people. Edison earns an income of $100,000 per year and Hilary earns an income of $30,000 per year. The government is considering a redistribut…

Consider a society comprised of two people. Hubert earns an income of $85,000 pe

Consider a society comprised of two people. Hubert earns an income of $85,000 per year and Kate earns an income of $30,000 per year. The government is considering a redistribution…

Consider a society of identical workers that each earns a wage W when they work.

Consider a society of identical workers that each earns a wage W when they work. Each worker faces a probability of sustaining an injury . If they sustain an injury, they have no …

Consider a society that has three individuals-1,2 and 3- and three alternatives

Consider a society that has three individuals-1,2 and 3- and three alternatives -x,y and z-. The society has a preference aggregation rule F. It is known that the rule F satisfies…

Consider a software firm with 10 workers, each of whom lives in a suburb due eas

Consider a software firm with 10 workers, each of whom lives in a suburb due east of the city center and commutes by automobile. The firm exchanges products and information with o…

Consider a standard Cobb-Douglas production function F (KL)-x®L1-owhere ? (0,1).

Consider a standard Cobb-Douglas production function F (KL)-x®L1-owhere ? (0,1). Suppose a war reduces the country's capital stock. As a result, the fraction of income that goes t…

Consider a standard Keynesian economy with perfectly sticky prices. Suppose ther

Consider a standard Keynesian economy with perfectly sticky prices. Suppose there is a decrease in MPC (b drops from 0.8 to 0.5). How does this affect the responsiveness of output…

Consider a standard Keynesian economy with perfectly sticky prices. Suppose ther

Consider a standard Keynesian economy with perfectly sticky prices. Suppose there is a decrease in MPC (b drops from 0.8 to 0.5). How does this affect the responsiveness of output…

Consider a standard consumption-leisure choice model where the worker supplies l

Consider a standard consumption-leisure choice model where the worker supplies labor by reducing leisure in order to buy consumption goods. If employed income consists only of lab…

Consider a three period binomial model (one initial date and two steps) as in cl

Consider a three period binomial model (one initial date and two steps) as in class. Let the initial stock price be $100. Let the upward increments be u = 1.2 and the downward be …

Consider a three-firm version of the patent-race model (9.2.1) studied in class.

Consider a three-firm version of the patent-race model (9.2.1) studied in class. Suppose that each one of the three firms is capable of developing a product. Let V denote the doll…

Consider a three-firm version of the patent-race model (9.2.1) studied in class.

Consider a three-firm version of the patent-race model (9.2.1) studied in class. Suppose that each one of the three firms is capable of developing a product. Let V denote the doll…

Consider a three-period version of the Stackelberg model analyzed in class. Assu

Consider a three-period version of the Stackelberg model analyzed in class. Assume that the market demand curve is given by , and suppose that there are three firms that set their…

Consider a three-period version of the Stackelberg model analyzed in class. Assu

Consider a three-period version of the Stackelberg model analyzed in class. Assume that the market demand curve is given by , and suppose that there are three firms that set their…

Consider a town in which only two residents, Alex and Becky, own wells that prod

Consider a town in which only two residents, Alex and Becky, own wells that produce water safe for drinking. Alex and Becky can pump and sell as much water as they want at no cost…

Consider a town in which only two residents, Andrew and Beth, own wells that pro

Consider a town in which only two residents, Andrew and Beth, own wells that produce water safe for drinking. Andrew and Beth can pump and sell as much water as they want at no co…

Consider a town in which only two residents, Antonio and Caroline, own wells tha

Consider a town in which only two residents, Antonio and Caroline, own wells that produce water safe for drinking. Antonio and Caroline can pump and sell as much water as they wan…

Consider a town in which only two residents, Antonio and Caroline, own wells tha

Consider a town in which only two residents, Antonio and Caroline, own wells that produce water safe for drinking. Antonio and Caroline can pump and seM as much water as they want…

Consider a town in which only two residents, Calo and Deborah, own wells that pr

Consider a town in which only two residents, Calo and Deborah, own wells that produce water safe for drinking. Carlos and Deborah can pump and sell as much water as they want at n…

Consider a town in which only two residents, Eric and Ginny, own wells that prod

Consider a town in which only two residents, Eric and Ginny, own wells that produce water safe for drinking. Eric and Ginny can pump and sell as much water as they want at no cost…

Consider a town in which only two residents, Jacques and Kyoko, own wells that p

Consider a town in which only two residents, Jacques and Kyoko, own wells that produce water safe for drinking. Jacques and Kyoko can pump and sell as much water as they want at n…

Consider a town in which only two residents, Jacques and Kyoko, own wells that p

Consider a town in which only two residents, Jacques and Kyoko, own wells that produce water safe for drinking. Jacques and Kyoko can pump and sell as much water as they want at n…

Consider a town in which only two residents, Jake and Latasha, own wells that pr

Consider a town in which only two residents, Jake and Latasha, own wells that produce water safe for drinking. Jake and Latasha can pump and sell as much water as they want at no …

Consider a town in which only two residents, Kenji and Lucia, own wells that pro

Consider a town in which only two residents, Kenji and Lucia, own wells that produce water safe for drinking. Kenji and Lucia can pump and sell as much water as they want at no co…

Consider a town in which only two residents, Kenji and Lucia, own wells that pro

Consider a town in which only two residents, Kenji and Lucia, own wells that produce water safe for drinking. Kenji and Lucia can pump and sell as much water as they want at no co…

Consider a town in which only two residents, Kevin and Maria, own wells that pro

Consider a town in which only two residents, Kevin and Maria, own wells that produce water safe for drinking. Kevin and Maria can pump and sell as much water as they want at no co…

Consider a town in which only two residents, Kevin and Maria, own wells that pro

Consider a town in which only two residents, Kevin and Maria, own wells that produce water safe for drinking. Kevin and Maria can pump and sell as much water as they want at no co…

Consider a town in which only two residents, Kevin and Maria, own wells that pro

Consider a town in which only two residents, Kevin and Maria, own wells that produce water safe for drinking. Kevin and Maria can pump and sell as much water as they want at no co…

Consider a town in which only two residents, Lorenzo and Neha, own wells that pr

Consider a town in which only two residents, Lorenzo and Neha, own wells that produce water safe for drinking. Lorenzo and Neha can pump and sell as much water as they want at no …

Consider a town in which only two residents, Mike and Leah, own wells that produ

Consider a town in which only two residents, Mike and Leah, own wells that produce water safe for drinking. Mike and Leah can pump and sell as much water as they want at no cost. …

Consider a town with a population that is 15 percent black and the remainder is

Consider a town with a population that is 15 percent black and the remainder is white. Because blacks are more likely to work the night shifts, 25 percent of all cars driven in th…

Consider a town with a river. The town has a hiking lodge whose visitors use the

Consider a town with a river. The town has a hiking lodge whose visitors use the river for recreation. The town also has a chemical plant that creates industrial waste, which it d…

Consider a town with a river. The town has a hiking lodge whose visitors use the

Consider a town with a river. The town has a hiking lodge whose visitors use the river for recreation. The town also has a chemical plant that creates industrial waste, which it d…

Consider a town with a river. The town has a hiking lodge whose visitors use the

Consider a town with a river. The town has a hiking lodge whose visitors use the river for recreation. The town also has a chemical plant that creates industrial waste, which it d…

Consider a town with a river. The town has hiding lodge whose use the river for

Consider a town with a river. The town has hiding lodge whose use the river for recreation. The town also has a chemical plant that creates industrial waste, which it dumps into t…