You have been hired by the Federal Government to explain a little about the current economic conditions and make recommendations to keep the economy moving at its current pace and help ensure all citizens benefit from their decisions. In an unprecedented move, the President, the Congress, the Senate and the Federal Reserve have all agreed […]

Suppose you are a factory owner who needs to hire a worker to run a production line. You know there are two types of worker, high ability and low ability, and there are equal numbers of each in your labor market, but you cannot observe the ability of an individual worker before you hire him. […]

1.1 Explain what is meant in economics by “reservation wage”.   1.2 Discuss what you think will happen to the reservation wage if:    1.2.1 Unemployment Benefits increase    1.2.2 Health insurance is tied to holding a job   1.2.3 A more infectious and deadly COVID?19 variant is discovered   1.3 Do firms always pay […]

Tariff Hikes Discussion   Use the following information to create a set of recommendations.   https://www.usitc.gov/tata/hts/index.htm   https://www.cbp.gov/newsroom/stats/trade   https://www.politico.com/story/2019/08/25/graham-c…   https://www.foxnews.com/politics/trump-admits-to-s…   You have been hired by the owner of a group (1,200) of unique grocery stores in multiple countries that sell both local products (produce, meat, dairy, eggs) and hard to find imported […]

Define ethics. What are the guiding ethical principles of program evaluation? What can happen if evaluators/researchers abandon ethical guidelines when conducting evaluations? What are the ethical considerations related to human subject research/evaluation?   In essence, the purpose of a program evaluation is to assess program outcomes. What are program outcomes? How do evaluators identify relevant […]

1) What do you think happens to the demand for pizzas during the Super Bowl? Why?   2) For each of the following goods, do you think it’s a normal good or an inferior good?    a. Beans   b. Tuxedos   c. Used clothing   d. Used Ferraris e. Computers    f. Books reviewed […]

The Money Multiplier Suppose that people hold no currency, the ratio of reserves to deposits is 0.1, and that the demand for money is given by the following: Md = Y (.8 − 4i) where Y is income and i is the interest rate. Initially, the monetary base is $100 billion and nominal income is […]

Read Hendricks (2002): “How Important is Human Capital for Development? Evidence from Immigrant Earnings,”   1. Brie?y explain the basic idea behind the income accounting in the paper (one short paragraph).   2. Imagine you had to explain to a grandma how to read Figure 1(b) in the paper. How would you explain to her […]

Plans for Reconstruction and The 1850 Compromise Essays  Write two essays fully responding to two of the following questions   3. Explain the events and controversies leading to the 1850 Compromise and its effects. What did the 1850 Compromise entail? Did the compromise fairly address all of the major sectional controversies of the day? Did […]

Bank Failures and Bank Diversification Discussion 1. Review two articles about bank failures and bank diversification that are found below this. Economic history assures us that the health of the banking industry is directly related to the health of the economy. Moreover, recessions, when combined with banking crisis, will result in longer and deeper recessions […]