s or restrain the rising consumptior nal sacrifice arise. the scenario revealed above, answer the following question in : Is it ethical or fair for a government to restrict population grow ple, introduced a "one child" policy many decades ago. Is it fairer on in an orderly way or to let wars, disease, and famine sort out t s?
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- Are the statements true, false, or uncertain arguments? * It is highly evident which industries will produce more technological spillovers and which less. * The bulk of child employment is in the tradeable sector of poor countries. * The real cause of child labor is low GDP per capita.explain whether the given statement is true, false or uncertain. Then provide arguments to justify your selection. Janet, a mother of two, decides to reduce her working hours to spend more time with her children. By itself, assuming everything else being the same, this development has necessarily resulted in a lower quality of life for Janet due to a fall in income (and resultant fall in economic activity as measured by GDP).Consider the one-sector Schumpeterian model in discrete time analyzed in the previous exercise, except that now (.) denotes the probability of innovation, and each innovation improves the quality of a machine q to λq, where λ > 1. Suppose that when a new innovation arrives a fraction ϕ of workers employed in the final good production are unable to adapt to this new technology and need to remain unemployed for one time period to “retool.” (a) Define the equilibrium and steady-state (BGP) allocations. [Hint: also specify the number of unemployed workers in equilibrium.] (b) Define the appropriate generalization of the steady state for this economy, and determine the number of unemployed workers in this equilibrium. (c) Show that the economy experiences bursts of unemployment followed by periods of full employment. (d) Show that a decline in ρ increases the average growth rate and the average unemployment rate in the economy.
- which one of two would be more profitable economic model or the socio eonomic model of social responsibility? provide 5 justifications with examples in favour of selected model.Which of the following is INCORRECT regarding the reasons why we continue to study the Malthusian trap, even though evidence shows that it is not currently relevant? (a)Because many people still believe it holds in poor countries today, and the model should be understood to motivate effective debate. (b)Because the model focuses on the microeconomics of family size decision making in which individual levels of living become the principal determinant of a family’s decision to have more or fewer children. (c)Because such traps have occurred in the past and may have been factors in population collapses. (d)The fact that this model no longer applies underlines the importance of factors that can prevent its emergence.Consider a model of revolutions. Society is made up of N > 1 people. Simultaneously, each person chooses whether or not to participate. If n people participate, the probability the revolution succeeds is n/N. If the revolution succeeds, each member of society receives the benefits of a public good worth B. In addition, each person who participated in the revolution receives a benefit R if the revolution succeeds. (This extra benefit called a club good, might represent special access to government jobs for people who helped unseat the government once the new government is formed, or it might just represent an expressive benefit of participating in a victorious revolution.) The cost of participating is c > 0. Assume that R > cand that B + R < N × c. a. Suppose a player believes n other people will participate. What is her expected utility from participating? b. Suppose a player believes n other people will participate. What is her expected utility from not participating? (c)…
- Consider a model of revolutions. Society is made up of N > 1 people. Simultaneously, each person chooses whether or not to participate. If n people participate, the probability the revolution succeeds is n/N. If the revolution succeeds, each member of society receives the benefits of a public good worth B. In addition, each person who participated in the revolution receives a benefit R if the revolution succeeds. (This extra benefit called a club good, might represent special access to government jobs for people who helped unseat the government once the new government is formed, or it might just represent an expressive benefit of participating in a victorious revolution.) The cost of participating is c > 0. Assume that R > c and that B + R < N × c. (a) Write down a player’s best response correspondence. (b) Identify all of the pure strategy Nash equilibria of this game. (c) Calculate the utilitarian payoff associated with each equilibrium. (d) Does this game…explain whether the given statement is true, false or uncertain. Then provide arguments to justify your selection. On an average, real GDP per capita has grown at a much slower rate in USA than in Japan after the second world war. This is because of much lower levels of GDP per capita in USA than in Japan around the second world war time.The ongoing COVID-19 pandemic has disrupted both the education and health system in most, if not all, nations in the world. The scarring effects of the pandemic are predicted to be long-lasting, some of which are the fear of learning-loss and lower future earnings for the current students. Provide evidence(s) that support and/or contradict this statement! If such scarring is expected to occur, would the scarring effects would be worse for the developing countries than the developed ones, and whether the effects would be worse for certain groups such as the poor, women, children, etc.!
- Consider a non-renewable natural resource with a per period demand curve of P=40-.5q and amarginal cost of extraction of 4. Use this information to answer the following questions about the two-period model.a. If we have a 25% discount rate and 150 total units of natural resources, what is the optimal amount ofextraction in each period?b. What are the net benefits of extraction in each period? (Hint: Consider total net benefits, not justmarginal net benefits. It will be helpful to draw a graph.)c. Now imagine we have a 0% discount rate and 100 total units of natural resources. What is thedynamically efficient amount of extraction in each period?d. If the discount rate increases to 20%, but we still have 100 total units of natural resources, what is thedynamically efficient amount of extraction in each period.e. Graph the extraction quantities here on 3 axes, with the per period quantities on the horizontal.Explain how 'opportunity costs of not implementing ERP' isrelated to Economic feasibility.Suppose the market demand curve for a non-renewable resource is given by: Q=2000-40P. Consider a finite-period model. Which of the following are true? Suppose the marginal cost of extraction is constantly at 40. Suppose the risk-free interest rate is 10% Select all correct answers. a. When there is plenty of this resource, the marginal user cost can be zero in all periods on the optimal extraction path. b. If marginal user cost is 2 in a given period on the optimal path, the marginal user cost should be 2.2 in the previous period c. The dynamically efficient extraction quantity is 400 per period until the resource is exhausted. d. When 200 units are exhausted in a given period, the marginal user cost is 5.