Answer All Parts Of The Following Question

A. ) Why, in the absence of technological change, will a county’s steady state growth rate equal its population growth rate?

B.) Show graphically and explain how a decrease in an economy’s depreciation rate will affect both output per worker in that economy and the economy’s long-run growth rate.

• In the New Keynesian Macroeconomics business cycles are driven by demand shocks, while in the New Classical Macroeconomics they are driven by supply shocks. Explain this statement using your knowledge of the AD-AS model.

1. Poverty is mostly a rural phenomenon in many developing countries. In view of this observation, what policies would you recommend for poverty reduction in developing countries.
2. In 1994, the United Nations provided the human security framework as a wider development and security paradigm. Describe any three of the key characteristics of this paradigm that makes it relevant to the contemporary reality.

Assume that investors have a choice between purchasing foreign bonds or domestic bonds. Why does exchange rate volatility cause countries to attempt to keep their interest rates in line with the interest rates of other countries.

Talk about amazon/jeff bezos and how it relates to privilege of the masculine and the ways in which subordination and exploitation are normalized.

Assume that both economies are in the steady state, and they reach an agreement that allows free movement of workers (not capital) across the two countries. What type of migration patterns would you expect across the two countries? Why? Who benefits and who loses from the migration flow?   

A) What is the difference between the marginal tax rate and the average tax rate? What is the difference between the statutory tax rate and the effective tax rate? Explain.

B) Compare and contrast tax deductions and tax credits in terms of both efficiency and vertical equity.

C)Is it possible for the government to impose a tax that causes the market price of the good to fall? Explain.

Consider an economy with two industries: auto manufacturing and aircraft manufacturing.

a. If workers in these two industries require similar amounts of training, and if workers at the beginning of their careers could choose which industry to train for, what would you expect to happen to the wages in these two industries? How long would this process take? Explain?

b. Suppose that one day the economy opens itself to international trade and as a result, starts importing autos and exporting aircraft. What would happen to demand for labor in these two industries? And as a result, what would happen to the wages in these two industries in the short run?

c. Do you think that the wage differential between these industries will continue over the longer time horizon? What would happen to the wages in these industries in the long term period? Explain.

a) Show that when relative PPP holds, r(au) = r(eu). Note: r denotes real interest rate.

b) Assume that worker productivity is expected to increase in European tradables sector in the future. Assume further that worker productivity is expected to stagnate in European nontradables sector as well as in all Australian sectors (tradables and non-tradables) in the future. What implication does this have on the difference between real interest rates in Australia and Europe?

c) Do real interest differences imply unnoticed profit opportunities for international investors? Explain.

There are two major exchange rate systems that a country can adopt: flexible and fixed. Historically we have had each of these in the U.S. Debate the advantages and disadvantages of each of these two systems. Which one do you think is superior?

8. In order to address its Federal Budget Deficit, the Greek Government increased the tax rate by 7% for the top 50^th percentile of household incomes. Included in this law, the government loosened capital requirements for banks lending to start-up businesses in its newly emerging biochemical sector. If all else remains equal, using the concept of Aggregate Demand and Aggregate Supply, what will happen to Greece’s GDP and Price Level?  

There are many pros and cons associated with import restrictions. Choose a minimum of two of these measures and discuss what you think the actual pros and cons are of each. Make sure to offer an adequate explanation of whichever restrictions you choose to examine.

Write a paper describing in detail your business interests or career plans and how constitutional law applies to them. Build on what you discussed in your introduction on the first discussion board. Describe in detail what kind of business you want to own/operate or what occupational field you want to work in. Then describe at least three ways in which constitutional law applies to your business/field. For example, suppose your business needs property for its operations. You could explain how the constitutional law concept of eminent domain applies here and how it would effect your business. Think about some of the cases we’ve read and how they apply. One eminent domain case is Kelo v. New London. What type of business would qualify for eminent domain? Would yours? Why or why not? (think about the similarities and differences between your business venture and the business involved in Kelo. What type of business venture would you be involved in? Would it be interstate or intrastate commerce? Which level of government would have some power to regulate your business or industry, based on the commerce distinction? Why? These are some suggested areas to look at; feel free to add/substitute others. If you plan to hire employees, you should look think about the Court’s rulings that relate to racial and gender discrimination. For many students, federalism and commerce will be really important.

I would like to run a an international business buying cars from the United States and ship it to Senegal and sell it. I have to include 3 cases that deal with commerce with commerce and relate it to this

Suppose that your firm produces two products in fixed proportions, so that if you decide to produce one more unit of X, your firm must also produce one more unit of Y. If TC = 100 + 3Q +½Q² and the demand curves for X and Y are
Q_X=100-2P_X, and Q_Y=101-P_Y find the profit maximizing outputs.
(a) Find the expressions for MR for good X and good Y. (Hint: solve each demand curve for P, multiply by Q, take the first derivative with respect to Q to get MR.)
(b) Find the expression for MC.
(c) Find the profit maximizing output.
(d) Find the price of each good.

Inflation for the past several years has been 3% and people believe it will continue to be 3% in the future. The economy starts out at full employment.

a. If a worker earned $20 an hour last year, how large is the raise you would expect the worker to receive in the next year’s contract? (Give a $ amount.)

b. If all workers experience the same percentage wage change, will the AS curve shift up or down? Briefly explain.

c. Will the Fed need to increase or decrease AD to keep the economy at full employment? Briefly explain.