1. Explain whether you agree or disagree with the following statement:

The education of children is obviously a public good. Educated people are more productive workers and usually have a higher degree of life-satisfaction and welfare. They are more likely to be politically engaged and have a higher sense of civic awareness. Finally, they are more likely to raise children with all these qualities. Therefore, providing education is a public good that should be supplied by the government. ?

what are the differences between the economic crisis of 2007-2009 and previous recessions? Macroeconomics.

Explain the characteristics of a parliamentary government. (Malaysia)

Russell Roberts, The Price of Everything: A Parable of Possibility and Prosperity

In chapter 10 of the story, “No Host No Problem,” Ramon accuses Ruth of “romanticizing the market” and of “romanticizing profits.” Ruth agrees but candidly replies that the market “deserves some romance.” What does she mean? (Hint: the specific tangible benefits of the invisible hand vs. short-run government policies.)

Please not the same answer again.

It is believed that the income elasticity of food is very high for the poorest countries and much lower for the richer countries. As a country becomes more developed, the income elasticity of food will decline. Why is this largely true?

Good government relations are vital. Explain how can this be undertaken successfully.

Find the effects of each of the following on the general equilibrium values of the real wage, employment, output, the real interest rate, consumption, investment, and the price level. Illustrate your answers with appropriate graphs (IS-LM-FE).

A) The expected rate of inflation decreases

B) The future marginal product of capital decreases. (Assume that there is no affect on current labor supply.)

Use supply and demand analysis to illustrate the likely effects of a hurricane in Florida on the equilibrium price and quantity in each of the following markets. a. the market for orange juice. (NB: The oranges grown in Florida are primarily used to make orange juice.) b. the market for plywood. (NB: Plywood is used to protect windows from the high winds associated with hurricanes.) c. the market for batteries. (NB: Hurricanes frequently know down power line, causing many people to be without electricity for days or weeks.) d. the market for admission tickets to theme parks in Orlando. (NB: Assume the hurricane causes heavy rain and wind throughout the Orlando area. Most of the attractions at these parks are outdoors.) e. tickets for airline travel from Florida during the few days before the hurricane makes landfall. (NB: Voluntary and mandatory evacuations are common when hurricanes threaten coastal areas.)

Explain how the Central Bank can increase the interest rate in the economy.

Find the effects of each of the following on the general equilibrium values of the real wage, employment, output, the real interest rate, consumption, investment, and the price level. IllUSTRATE YOUR ANSWERS WITH APPROPRIATE GRAPHS (IS-LM-FE).
a) The expected rate of inflation decreases.
b) The future marginal product of capital decreases. (Assume that there is no effect on current labor supply.)

I have this homework due tonight. Please answer step by step and write clearly to understand. Give thumbs up. Thank you

The supply curve for brownies is upward-sloping. When the price of brownies is $3, the quantity supplied is 1,000. If the price falls to $1, what happens to producer surplus?

Group of answer choices

It falls by more than $2,000.

It falls by less than $2,000.

It rises by more than $2,000.

It rises by less than $2,000.

1. The development of International Trade is the result of numerous efforts by governments to remove cross-border restrictions. Discuss these important historical events that increased trade activity globally.

1. Fall of the Berlin Wall
2. Single European Act
3. NAFTA
4. GATT
5. The European Union

If you were an economic adviser at the Fed, what should be the monetary policy in the next six months-expansionary (continued low-interest rates and/or additional QE) or contractionary (starting to slowly raise interest rates)?