Economic growth

a.         According to the Solow model of economic growth, what determines the growth rate of real income per person in the very long run (steady state)?  Explain.

b.         What public policies have been proposed to increase the rate of economic growth?  Explain.

Many states have legalized the sale of marijuana for personal and/or medical purposes. However, it is still a federal crime to sell marijuana in any of the 50 states, regardless of the state laws. Income from any and all sources, including illegal activities, is taxable at the federal level, including income from the sale of marijuana. What has the tax court ruled about tax deductions for business expenses for those engaged in the sale of marijuana? Cite and summarize at least one US Tax Court case to support your answer

An auto plant that costs $50 million to build can produce a new line of cars that will produce net cash flow of $35 million per year if the line is successful, but only $1 million per year if it is unsuccessful. You believe that the probability of success is about 20 percent. The auto plant is expected to have a life of 12 years and the opportunity cost of capital is 10 percent. What is the expected net present value of building the plant? Please state your answer in millions and in 2 decimal places.

Collectively, the 1000 residents of River Heights value swimming in Red River at $100
000. A nearby factory pollutes the lake water, and would have to pay $50 000 for nonpolluting equipment.
a) Describe a Coase-like private solution.
b) Discuss about five reasons why this solution might not work in the real world?
c) Discuss two public policies that can correct the externality and which one will be more
efficient.

1. Describe in detail the concept of primary and secondary tools in ergonomics. Provide example to demonstrate your understanding.

According to B.M. Dickens, the possibility of sex selection unites the views of many people with conservative (religious) views with the views of many feminists. What, specifically, do they agree about? Do they hold the view they agree upon for the same reasons? Explain your answer.

What is political economic ? Explain about political business cycel, analysis , tools and dianogesis.

Will a deterministic gain introduce new noise? What about a random gain? Explain this in photoncurrent case.

What is the relation between “Green’s Theorem” and “Stokes’s Theorem”?

Explain about the transformations defined in these theorems.

What is the most important application and consequence of “Stokes’s Theorem”?  

Explain Independence of path?