Given that labor is a resource that needs to be used efficiently, what responsibility do you feel the government has in decreasing unemployment? Does the negative relationship between inflation and unemployment have any impact on your decision?

3. Please illustrate in one market:
a. a $0.15 excise tax
b. a $0.15 sales tax (independently, not a sales and excise tax)
c. Does the legal incidence of the tax affect the economic incidence?
(Be sure to label all graphs and curves.)

You decide to open a retirement account at your local bank that pays 8%/year/month (8% per year compounded monthly). For the next 20 years, you will deposit $500 per month into the account, with all deposits and withdrawals occurring at month’s end. On the day of the last deposit, you will retire. Your expenses during the first year of retirement will be covered by your company’s retirement plan. As such, your first withdrawal from your retirement account will occur on the day exactly 12 months after the last deposit.

What monthly withdrawal can you make if you want the account to last 15 years

What monthly withdrawal can you make if you want the account to last forever (with infinite withdrawals)?

What do state fixed effects imply for the intercept in Panel data? How much do you estimate the unobserved fixed effects for each state?

Hello , I cannot find the answer for this questions : Problem 3. (Signaling game: market for used cars) Consider the market for used cars and assume that the cars can be of one of two possible quality levels: low (the ’lemons’) and high (the ’plums’). The seller knows the true quality of the car (the seller’s type is given by the quality level) but the buyers only know the probability distribution of the cars in the market. Assume that the buyer’s initial (prior) beliefs are as follows: probability p for a car being of high quality, and probability (1 − p) for a car being of low quality. If the seller sells his car, then his payoff is equal to the price paid by the buyer. If the seller does not sell the car, his payoff will be equal to his valuation of the used car: $10000 if it is of high quality and $6000 if it is of low quality. The buyer’s valuation of cars with high quality is $12000, and his valuation of low-quality cars is $7000. However, he only learns the true quality after the purchase. If the buyer purchases a car, then his payoff is given by the difference between his true valuation and the price he pays. If he does not buy a car, his payoff is zero. (a) First, consider a market with complete information for both sides of the market. Explain why, given the buyers’ and sellers’ valuations, all cars will be sold. Is this outcome Pareto-optimal? (b) Now consider the market with incomplete information as described above. What would be a seller’s pooling strategy (to offer all the cars at the same price)? If sellers follow this pooling strategy, what would be their best response (strategy and beliefs) given their prior belief p? Given this best response of the buyers, is it optimal for the seller to follow the pooling strategy given p? (c) Find values for prior belief p such that there is a perfect Bayesian Nash equilibrium with pooling. Is this outcome Pareto-optimal, i.e. are all those cars sold that would be sold with complete information?

Thank you , Dania

What are the differences between the Market Demand and Market Marginal Revenue curves and a Single Firms Demand Curve and Marginal Revue Curve? What causes these differences? What is the Quantity the firm can sell?

Given the inverse demand function of monopoly is: ?(?) = ??? − ? the cost
? function of the monopoly is: ?(?) = ?? + ?? .

(i) Find the profit maximizing price and output level of monopoly and the amount of profit.
(ii) Now assume that the same inverse demand function and cost function are faced by a competitive market. Find the profit maximizing price and output level of competitive market and the amount of profit.
(iii) Calculate the consumer surplus, producer surplus and deadweight loss due to monopoly.
(iv) Assume that government imposes the monopoly a lump-sum tax of ? = $??? on total profit. How does the tax affect the profit of the monopoly?

Machine X has a first cost of $70,000 and an operating cost of $21,000 in year 1, increasing by $500 per year through year 5 with a salvage value of $13,000. Machine Y has a first cost of $62,000 and an operating cost of $21,000 in year 1, increasing by 3% per year through year 10 with a salvage value of $2000. If the interest rate is i =19% per year, evaluate which machine must you choose on the basis of:

(a) the present worth analysis,

(b) the conventional B/C analysis

(Show me all the steps)

List 5 economic principles of healthcare in the United Kingdom, explain those principles in 2 sentences for each principle, include link where reference came from.

Explain how the political and economic changes of the 21st century have influenced Afro-Latin American movements.

Question 3

(a) Explain the three conditions held at the long-run equilibrium in a perfectly competitive market with a diagram.

(b) If a firm makes zero economic profit, it will exit the market in the long run. Do you agree? Explain.

(c) What makes a firm become a natural monopolist, and how does it become a barrier to entry of new firms? Explain.

1. Trade problems of the developing countries and their solutions

Unstable export markets, worsening terms of trade, and limited access to the markets in advanced countries are just a few of the problems that have plagued developing nations in Africa, Asia, Latin America, and the Middle East. For example, developing countries have worsening terms of trade because of ________ (falling prices of exports relative to imports/ rising prices of exports relative to imports/ the high price elasticity of supply).

Developing nations have formed international commodity agreements (ICAs) between leading producing and consuming nations of commodities. To promote stability in commodity markets, ICAs have relied on production and export controls, buffer stocks, and multilateral contracts. For example, the fair trade system may help to _______ (increase the number of middlemen selling farmer's products/ increase the income of farmers in developing nations/ decrease the markup price that retailers charge on farmer's products).

Suppose that each worker in Home can produce two cars or three TVS. Assume that Home has four workers.

6) Now suppose the world relative price of cars is Pc/Ptv = 1.

a) In what good will each country specialize? Briefly explain why.

b) Graph the new world price line for each country in the figures in Problem 5 and add a new indifference curve (U2) for each country in the trade equilibrium.

c) Label the exports and imports for each country. How does the amount of Home exports compare with Foreign imports?

d) Does each country gain from trade? Briefly explain why or why not.

1.    What is the science of Economics? Explain the definition.

2.    What kinds of resources do you know? Examples

3.    Examples of the capital resources (name as much as you know)

4.    What are the sources of income for households?

5.    What are the disadvantages of Partnerships?

6.    What are the roles of government?

7.    The 'law of supply' suggests that …

8.    The ‘law of demand’ suggest that …

9.    What is GDP? Explain.

10.    What is the definition of recession and the signs? Explain.

11.    Provide the examples of limitations to the GDP.

12.    What is the labor force?

13.    What sources of unemployment do you know? Explain briefly their meaning with examples.

14.    What is inflation?

15.    What are the three main causes of inflation?

16.    Name the factors that determine economic growth.

17.    What is the multiplier effect? Examples of such a situation.

18.    Provide the example of Assets.

19.    Provide the example of liabilities

20.    What is barter?

21.   What are the functions of money?

22.    What are the properties of the ideal money?

23.    What is check?

24.    Explain the structure of the Federal Reserve System

25.    What is fiat money?

26.    What is the job of the Federal Deposit Insurance Corporation (FDIC)?

27.    What are the Fed Goals?

28.    What is a subprime mortgage?

29.    Name all the elements of M1.

30.    Name all the elements of M2

31.    What is dollarization?

32.    What is currency union?

33.    What is asymmetric information?

34.    What was the name of the first bankers?

35.    Government Stabilizes the Economy through two different tools. What are they?

36.    Monetary policy –actions by the Federal Reserve System, and Fiscal policy- Actions by ….

37.    What is the discretionary fiscal policy?

38.    What is the automatic fiscal policy?

39.    What is a budget deficit?

40.    National Debt. Who do we owe most of the money? How long can the country run a debt?

41.    What is national debt? What do you know about national debt?

42.    One of the problem with Fiscal policies is so-called Leg problem. Explain.

43.    What are the problems with the federal budget?

44.    What did you learn from your term paper?