Please expert I am requesting you explain well.
2. Write a sentence or two (in your own words) explaining the
following concepts:
a. Asymmetric information
b.Principal-agent problem
c.The tragedy of the commons
d.Bounded rationality
c.Evolutionary stability
In: Economics
Please give a 300-400 word response
In the short run, neoclassical economics assumes diminishing marginal products. Explain what this means. What is the significance of this assumption (i.e. what does it do, what is its function in the analysis)? In the long run the assumption of diminishing marginal products does not hold. Why not? What assumption replaces diminishing marginal products? What do these assumptions indicate about the political aims of neoclassical economics?
In: Economics
Please give a 300-400 word response!!
Discuss Marx’s critique of the labor process. Where do profits come from? What are the impacts of the capitalist organization of production on workers and jobs? Historically, how have workers reacted against capitalist control of the labor process? What tactics and strategies have workers relied on to achieve their goals? What is the IWW? What did the IWW want? What happened to the IWW? In your answer make sure to address the concepts of exploitation and alienation.
In: Economics
Here is where you may post up your answer to the question on rent controls.
Here is the question:
Why might renters want the government to subsidize housing instead of putting in a rent ceiling? Please explain in one paragraph (50-100 words) and you can use a graph in your explanation.
In: Economics
1. Some economists argue suddenly reducing money supply growth is a costly way to reduce inflation and that it may not work. For example, if a government cuts money growth but makes no real fiscal reforms, people will expect the government will eventually need to expand the money supply to pay for its expenditures. Thus, the promise to fight inflation will not be credible. Explain why credibility is important to a reduction in the inflation rate.
2. Use the sticky-wage theory of aggregate demand to explain the short-run Phillips curve.
3. Carefully explain how monetary policy can be used to counter a recession. Explain what the central bank does as well as HOW its actions affect the economy.
4. Suppose that a country has an inflation rate of about 3 percent per year and a real GDP growth rate of about 3 percent per year. How large of a deficit can the government run (as a percentage of GDP) without raising the debt- to-income ratio?
5. List and EXPLAIN two costs of inflation.
6. Explain how tax cuts can increase aggregate supply.
In: Economics
Describe and illustrate the derivation of the optimal choice of health status, health care, and the composite “all other consumption” commodity in the Wagstaff model of the demand for health care.
In: Economics
Explain in detail the currency crisis in Pakistan since its inception elucidate the reasons with arguments pertaining to the depreciation of Pakistani rupee (PKR) over years. How has the current prevalent pandemic COVID-19 affected PKR. what are the main differences in policy and strategy of response to such economic meltdown of India, Pakistan, USA and New Zealand?
In: Economics
2. Identify an example of a Progressive Era from each strand that continues to exist today and another that has since been discarded.
In: Economics
In: Economics
When did the U.S. go off of the Gold Standard?
Explain the Trilemma.
In: Economics
explain the economic depravities in at least a page full
george ’s old corolla emits a lot of carbon such that it
contaminates the entire compound. This carbon emission
state is closely related to two (2) depravities. You are mandated
to briefly explain
these 2 economic depravities that affect literally most people.
(Hint: cause, effect and cure)
In: Economics
In general, women's education levels and real wage rates have increased greatly over the past several decades. Also, women are increasingly participating in the workplace. What do these facts imply about the relative magnitudes of women's income and substitution effects?
In: Economics
Explain carefully why the demand curve for a public good is correctly found by taking the vertical summation of the individual consumers’ demand curves, and why the efficient quantity frequently won’t be produced when left up to the free market (with no government intervention). Use one or more appropriate diagrams to illustrate your answer.
Word count - 400
In: Economics
Explain why redistributive policies (that involve taxing higher earners and redistributing some of these returns to lower earners) can give rise to an equity/efficiency trade-off.
word count - 250 max
In: Economics
(a) Use a graphical approach to explain the effect of the following changes.
i. A new Covid 19 face mask, made in America, is successful in sales to canada.
ii. canada reduces its interest rate compared to the U.S., causing investors to sell canada’s bonds and buy U.S. bonds.
iii. Canadians, unhappy with monetary unification, transfer their bank balances to the U.S.
In: Economics