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Write down this game in normal-form representation (matrix-form is fine). Find the pure-strategy Nash equilibria.
What potential problems and benefits are likely with early or flexible retirement programs? Provide specific example.
Why are producer groups more likely than consumer groups to be successful in the legislative marketplace?
What are the opportunities different groups and entities have to make their concerns known while the budget is being developed?
What are the fundamentals to determining a countries standard of living? Show graphically how each can change a countries steady state.
At the end of the year, Linus received a bonus of $1000 and he spent $500 of it, saving the other $500. What was his marginal propensity to consume?
A player wrote a cheating program that could create many virtual weapons automatically. There is a new online game announced.
In a critical essay, elaborate on the costs and benefits of this policy and approach. Is the policy in effect? How have non-US manufacturers responded?
How have non-US manufacturers responded? Summarize the effects and discuss the trends of the past 35 years.
What is the total output? What is the average product of capital? What is the average product of labor? What is the marginal product of capital?
Explain the three distinctive features of government activities according to Heilbroner and Thurow?
Develop a loan amortization schedule to demonstrate how the payments are not only sufficient to pay off accrued interest over time, but also pay off the debt.
Do some internet research and find out the growth rate of real GDP per capita for last year. How does it compare to our historical average of 1.5-1.8%?
Define what is generally meant by the term law. Then give an example of a federal law by naming it and say which branch of government wrote the law.
Analyze what is happening to average variable cost? When marginal cost is above average variable cost, what is happening to average variable cost?
Describe the difference between frictional and structural unemployment. Explain the reasons why each type of unemployment may arise.
Find out the minimum level of n that will achieve separation (use the two incentive compatibility conditions).
Why are union officials likely to oppose flexible work hours and other innovative work schedule? Provide specific example.
Explain how a time consistency problem arises in that setting, and how the inability to commit to a pricing strategy erodes profits.
Explain how trade can impact on the Australian dollar. How does the Australian dollar affect the Current Account?
What is the consumer surplus with the competitive market equilibrium output? What is the consumer surplus with the socially efficient level of output?
What causes rich countries like the US, Germany, and Japan to be rich and poor countries, like Bangladesh and Haiti, to be poor?
Graph Glady's budget line. How many mystery novels and how many science fiction novels would Gladys purchase in this situation?
Suppose the marginal propensity to import is 0.25. If GDP falls by 20, what is the change in imports?
Assuming John and Joyce both work, demonstrate graphically that John will work fewer hours than Joyce.