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Are there concentrated benefits in this situation? Are there diffuse costs? Is there a collective-action problem? Explain your answer.
Do collective-action problems contribute to or discourage rent-seeking? Explain your answer. Explain why having a minimum voting age may cause rent-seeking.
Prepare outline and annotated bibliography for Issue Paper - Topic: US Cuba relations; Issue: Impact of end of Castro era (1976 - 2018).
Describe how these changes affect the supply of and demand for gasoline. What is the overall effect on equilibrium price?
Consider the following costs of bagel production in order to answer the next 5 questions:
You will write a brief essay discussing any aspect of the Economics of Social Media in negative way.
What is the Belt and Road Initiative and how is it an example of China's deliberate effort to "shape the international system.
What is the effect of a sudden inflow of financial capital (loanable funds) on the real interest rate, employment, real GDP, real GDP per capita.
What do you think has changed significantly since the last U.S. recession that might have either a positive or a negative impact on the current economy?
Why some segments of society are so emotional in their support of changes in immigration policy that would either increase the number of immigrants or cut back.
Which types of workers, the highly skilled or the less skilled, are most likely to be attracted by the welfare "magnet"?
How do we calculate the statistical value of a life? What is the impact of health and safety regulations on the utility of workers and on the profits of finds?
Suppose there are two job characteristics that workers care about: wages and health insurance. What happens to the wage structure in the labor market?
Worker 2's reservation price is - $9, and so on. Risky firms still want to hire only 10 workers. What is the new equilibrium wage differential? Why?
Explain how economist distinguish between the short nm and long run. Why are these concept important to the theory of perfect competition?
Summaries the statistical content of this quotation in tabular form, as a pie chart and as a bar chart. Which form is visually most affective?
What is rational about rational expectations? What are 'adaptive expectations? Are they ever rational?
Why might the theory of rational expectations be more relevant in explaining the behavior of financial markets than the effect of monetary policy?
Why might nations not wish to specialize even when they have a comparative advantage in the production of some goods com-pared with other countries?
Why might it be in the interest of creditor countries to reduce the debt burden of developing countries?
Why does the EC sometimes supply butter and cheese at a reduced price to certain targeted groups such as senior citizens?
Describe the wage-employment outcome in a model of monopoly unionism. Explain why (and in what sense) this wage-employment outcome is inefficient.
Describe how employers choose the optimal length of a strike in a model where there is asymmetric information.
Define the union wage gain and the union wage gap. Why should we care about the magnitude of the union wage gain?
What is the exit-voice hypothesis? What is the implication of this hypothesis for the observed productivity of workers in unionized firms?