Expansion of preschool programs for disadvantaged children
Use the circular flow model to confirm this assertion for an expansion of preschool programs for disadvantaged children?
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This is shown as an increase in goods and services from government to households or as a decrease in net taxes, which is equivalent to an increase in transfer payments. In either case, this is a redistribution of income or services in favor of the less well off. As additional teachers are hired and paid, there will be an increase in resources paid by the government.
There will be some reallocation of resources from private enterprise to government and some decrease in unemployment, unless the economy is already at full employment. In this case, there will some upward pressure on prices since, to the extent the program is a transfer payment, there will be no increase in production.
Suppose that, based on a nation’s production possibilities curve, for 10,000 pizzas domestically an economy must sacrifice to get the one additional industrial robot it desires, but can get that robot from another country in exchange for 9,000 pizzas. To the fol
The price of KnickKnacks is $1 and the price of WigWags has increased with $2 to $3. Therefore: (w) absolute price of KnickKnacks has decreased and the relative price of WigWags has increased. (x) relative and absolute prices of KnickKnacks have
Illustrate the several determinants of demand besides price which affect demand?
Quantity TR TC 0 $0.00 $10.00 1 $150.00 $30.00 2 $290.00 $50.00 3 $420.00 $80.00 4 $540.00 $120.00 5 $650.00 $170.00 6 $750.00 $230.00 7 $840.00 $300.00 8 $920.00 $
Concept of Adam Smith that the market system automatically adjusts as when guided through an “invisible hand” most intimately resembles: (1) flows of electricity across the microcircuits within computer chips. (2) homeosta
Explain how, if at all, each of the following affects the location of the production possibilities curve?
Illustrate the complex cases when both supply and demand shift?
Elucidate “Ticket Scalping: A Bum Rap”?
9. The following table shows annual sales data for Stuff Happens, Inc., over the ten-year 1998-2008 period: Year Sales ($ Millions) 1998 $2.0 1999 2.2 2000 2.4 2001 2.6 2002 2.8 2003 3.0 2004 3.2 2005 3.5 2006 3.8 2007 4.1 2008 4.3 A. Calculate the 1998-2008 growth rate in sales using
a) Whether the bond market moves up or down, high-convexity portfolios will for all time outperform low-convexity portfolios of equal duration and yield." Elucidate the argument supporting this statement and the connection to the classical immunization strategy. What
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