QUESTION 17 The policy problems are: OA Getting other governments to do likewise O B. Creating an effective course of action O C. All of the answers O D. Convincing the government there is a problem
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A: Corruption is an illegal activity which is strongly banned by the law.
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A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…
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A: Government spending: It means the spending by the public sector on goods and services.
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A: Answer: Given, Y=C+I0+G0C=160+0.55Y-0.00Y2G0=0.25YI0=40T0=140 Note: Since Y is given in the equation…
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- Suppose instead the man’s neighbor, who is not a public servant, sees the man dangling from his 4th floor patio. The neighbor springs into action, busting down the man’s door and pulling him to safety from the patio. In gratitude, the man promises to Venmo his neighbor $50,000 for saving him. Is that promise enforceable? a) No, because a promise made on account of something that the promisee has already done is not enforceable b) Yes, because legal sufficiency has nothing to do with adequacy of consideration c) Yes, because there was an offer that was accepted d) No, because the man was obviously incompetent, because only a mindless idiot would have gotten stuck like thatTo ensure safety and efficacy, the Food and Drug Administration regulates the medicines that pharmacies are allowed to sell in the United States. Sometimes this means a company must test a drug for years before it can reach the market. We can easily identify the winners. in this system as those who are protected from unsafe drugs that might otherwise harm them. Who ate the more anonymous losers who suffer from strict medical regulations?Show and explain the involvement of the government in the case of naturalmonopoly. Explain first-best policy and second-best policy in this case
- #4. Without a vaccine, there is a 10% chance that Steven will get the coronavirus in 2021. If he gets vaccinated, that risk falls to 1%. Without a vaccines, Steven gets -6000 utils if he gets covid and 0 utils if he stays healthy. Because of side effects, he gets -100 utils from the vaccine if he stays healthy and -6100 if he gets sick anyways. What will Steven do? a. He will get vaccinated b. He will not get vaccinated c. He will get vaccinated if he is risk-averse but not if he is risk-loving d. He will get vaccinated if he is risk-loving but not if he is risk-averse1. a. How has the high unemployment rate become a macroeconomic issue during the covid-19 pandemic? b. what specific government post covid-19 policies can be implemented to alleviate high unemployement rate c. Explain your rationale for the choice of policies in (b) (Please provide relevant graphs with ansewers)a. In general, how do economists model criminal behavior, and what are some problems with it? b. Explain the formula for criminal behavior (each term and how they are combined).
- Suppose the administration of a University that is located a high-crime urban area mustdecide on a policy to increase policing on its campus. The student population is 10,500 students but iscould increase if crime is reduced. The cost of added policing in terms of additional salary and equipmentis estimated to be $2.4 million per year. Suppose the administration plans to make their decision with thehelp of a benefit cost analysis of the policy. VSL is $11.8 million a. Explain how the concept of Value of a Statistical Life might factor into a benefit cost analysis of thispolicy. b. How many lives would need to be save to justify the added policing costs if only prevented deathswere considered as the policy benefit? c. Suppose it is believed that student enrollment will increase in the future if crime on campus is reduced.Write a formula to calculate the present value of benefits of policing if student enrollment increases by4% each year.1. a. How has Reduced Investment and savings become a macroeconomic issue during the covid-19 pandemic? b. what specific government post covid-19 policies can be implemented to increase Investment and savings c. Explain your rationale for the choice of policies in (b) (Please provide relevant graphs with ansewers)Analyze the role of the government with an exteranlity present
- 1) Generally, a high GDP per Capita indicates a developed nation. a) Sometimesb) With exceptionsc) Trued) False 2) With the advent of globalization and the WTO operations, which of this ishappening or have happened? a) Free-Market Analysisb) Public-Choice Theoryc) Chenery Modeld) Neocolonial dependence modele) Market-Friendly Approach. Each answer should consist of one paragraph that contain analysis (not opinion). 1 Consider a highway with a hot lane and a lane that has no toll. Assuming that the toll must be paid by all cars that use the hot lane, no matter how many people are riding in them. What can you predict about the average occupancy of vehicles in the hot lane compared to vehicles in the other lane during rush hour? 2. Explain how making something illegal (like sex, booze or drugs) impacts the quality, quantity and price of the illegal substance. In addition, are there any unintended consequences of making drugs illegal that can cause harm to people? 3 Anti-fracking “Baptists” include those concerned with any further environmental degradation from extracting non-renewable resources from the earth. Identify the “bootleggers” who would support the Baptists, albeit not so publicly, but still forcefully. Why would these…The anniversary of a small town's foundation is coming up. Some citizens are considering organizing a party at the town's main square. They are planning on collecting voluntary contributions to finance the party. a. What kind of good is the town's party? Explain. b. What problem do the citizens that volunteer to organize the party have that the local government, if it were to organize the party, does not? c. Propose a way to solve the problem mentioned in (b) that does not involve the local government. Explain how your proposed way solved the problem stated in (b).