Pick one of the four policies used to subsidize housing and explain the pros and cons of this policy. Of the two goals associated with housing subsidies, which does it do a better job of achieving?

For each situation, determine your dependent (DV) and independent (IV) variables and their levels of measurement. Determine an appropriate statistical test for the following situations.

1. A local coffee shop wants to find out which group of customers brings them most profits: students, working professionals or retirees. They recorded their customers’ professional profile next to the amount of dollars they spent at a shop.

DV =

IV =

Test =

2. Book rentals have become popular recently; however, you want to find out if undergraduate vs. graduate students are more likely to rent books online. You have asked students to indicate how likely they are to rent books on a 1 through 5 scale where 1 = not at all likely and 5 = very likely to rent online and recorded their student status as undergraduate vs. graduate.

DV =

IV =

Test =

3. How would your test change if you wanted to know if there are differences in the likelihood of renting books online among freshmen, sophomores, juniors, seniors and graduate students?

DV =

IV =

Test =

4. 7. How would your test change if you wanted to know if students who are likely to rent online are unlikely to purchase books at the campus bookstore. You measured likelihood of purchasing books at the bookstore on the same scale as likelihood of renting books.

DV =

IV =

Test =

What do we say?
How the U.S-china trade war has escalated?
How the trade war has played out?
What could be hit by the new tariffs?
Has the trade war hit the markets?
what other trade battles are going on?
winners and losers?
economic theories involves?
impact of this war?

Illustrate income and substitution effects for an inferior good x when the price of good x decreases. Label clearly the income and substitution effects and report if they are positive or negative. Graphically derive the individual Marshallian demand curve in a separate graph.

1. How does a decrease in expected profit affect the demand for loanable funds (investment demand)? Which way does the curve shift?

2. Explain how a government budget deficit might crowd out private investment.

3. What is the effect on real GDP per person if labor productivity increases? If the population increases? What is the effect on the nation's standard of living in each case?

4. What does the new growth theory predict about future economic growth? Why?

1. We discussed in the lecture that the coronavirus is both an AS and AD shock. Based on the lecture, draw a graph showing both of the movements. You need a properly drawn graph as you did for homework 4.

Update for clarity: For this question, we’re only capturing the effect of the virus itself. Don’t assume there are any particular policies associated with these shocks. It’s probably easiest to think of the AS shock as the reduced labor force as people get sick, and the AD shock as a reduction in consumption.

2. Draw a graph of the AS/AD model if the government becomes concerned about the deficit and decides to cut government spending. You need a properly drawn graph as you did for homework 4.

Congress decides to increase government spending and taxes by equal amounts. Use the IS-LM AD-SRAS-LRAS model to illustrate graphically the short run impact of the increase in government spending and taxes on output and interest rates, prices, consumption, unemployment rate and investment in short run. Explain clearly which curve would shift and why. What will be the long run impact of this increase in government spending and taxes on output and interest rates, prices, consumption, unemployment rate and investment. Show the appropriate movement of curves both for the short run and the long run. Be sure to label: i. the axes; ii. the curves; iii. The initial equilibrium values; iv. The direction the curves shift; and v. the short run equilibrium values and vi. The long run equilibrium values.

If the controlling majority of a corporation's stockholders vote to re-invest profits in a way that benefits employees or society, rather than disbursing that money to the shareholders, should that action be allowed? If the majority stockholders are not benefiting in an unfair manner by this decision, why should the minority have the ability to overturn the majority vote?

Should corporate income be double-taxed? Why or why not?

Should corporations enjoy the same freedom of speech rights that natural persons enjoy? Why or why not?

Discuss in depth the wider possibilities for deposit-refund policies to mitigate industrial emissions.

Discuss in depth the challenges to preserving either individual species or genetic diversity contained in related species.

What are your thoughts on the Green Paradox?