Discuss some of the broad options available for fixing the
long-run problems associated with the social security retirement
system.
Which options do you believe are socially justifiable?
Explain
QUESTION
01
Are there some social costs and social benefits associated with
the upgrade and investment in human capital? List and then briefly
comment on three (3) existing costs and three (3) existing
benefits.
[6 marks]
In cases where a skill type is highly specific and scarce; what
does this suggest about the years of training, the distribution of
income, the labour productivity, and the private and social human
capital investment cost of the individuals
involved?
[8 marks]
Labour supply...
Explain the basic process of an LBO? a. What are some of the
problems associated with LBO’s? b. What are some of the advantages
of taking a firm private?
What are the policy options that will bring the economy back to
the long run steady state equilibrium along with Shelter in
Place?
Will these policies that will return us steady state be one time
or do they need to continue to combat the after effects of the
virus?