The Tiebout model is supported by the fact that residents within metropolitan suburbs have ____ preferences and housing prices are generally _____ in communities with efficient provision of public goods. A.varied/lower B.similar/higher C.similar/lower D.varied/higher
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The Tiebout model is supported by the fact that residents within metropolitan suburbs have ____ preferences and housing prices are generally _____ in communities with efficient provision of public goods.
A.varied/lower
B.similar/higher
C.similar/lower
D.varied/higher
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- Question 2 Generally, people pay more for their first homes compared to their second homes." Is this statement true or false? State your position and defend it using economic theories and models from the text and from external sources. Full explain this question and text typing work only thanksWhat is the ans for PURE specific and the ans for MIXED specific. Pls give explanations for the differences between these two models. (p/s this is the 3rd time I'm asking this question bcos your team did not answer my question of Pure AND Mixed but just specific factors model in general) PLEASE HELP ME THANKSSSS In the Pure Specific Factors model with two sectors, Cars (C) and Wheat (W), Capital (K) is specific to C and Land (A) is specific to W. If the government imposes a tariff on the imports of W then... In the Mixed Specific Factors model with two sectors, Cars (C) and Wheat (W), Capital (K) is specific to C and Land (A) is specific to W. If the government imposes a tariff on the imports of W then... A. Both owners of K and owners of A will benefit. B. Owners of A will benefit. C. Owners of K will benefit. D. Neither owners of K nor owners of A will benefit.By using the concept of the Heckscher-Ohlin model, and information assumptionsbelow this i. Two factors of production, namely Labor and Landii. Two production goods, namely Cloth and Foodiii. Cloth production is labor intensiveiv. Food production is land intensivev. The rest are other HO assumptionsvi. aLC, aTC, aLF, aTF, and a*LC, a*TC, a*LF, a*TF areLabor and Land input units used for the production of eacheach Cloth and Foodvii. w is the factor price of Labor and r is the factor priceLand production a) Show that Cloth is a commodity that is labor intensive and Foodis a land intensive commodity?k) According to the Stolper-Samuelson Theorem, an increase in the relative price of outputPC/PF, how does it affecta) The relative income of the factors of production Labor and Land or w/r?b) Land/Labor Ratio? l) According to the H-O Model, a country has a comparative advantagein producing a commodity when? Give an example. m) According to Rybczynski theorem with an increase in the factor of…
- 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.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…
- Please ASAP. Thankyou. QUESTION 24 A quality adjusted life year is defined as? A. Health adjusted life expectancy for men B. A measure of disease burden including both quality and the quantity of life lived C. Potential years of life lost for vulnerable populations D. Health related quality of life for women QUESTION The purpose of a model is to illustrate relations between economic variables.TrueFalseWhether a certain criterion is determinant or not is independent of the situation in which a product is consumed. True False In the context of disposing of consumer refuse, recycling cuts down on garbage while providing raw materials for other new products. True False Which of the following is a fundamental emotion evoked by positive, anticipatory appraisals that signal uncertainty about a positive outcome? a. Hope b. Confusion c. Surprise d. Pride Which of the following best describes chronic, repetitive purchasing behaviors that are in response to negative events or feelings? a. Addictive consumption b. Impulsive purchasing c. Window shopping d. Compulsive buying Retaliatory revenge is when a consumer yells insults and makes a public scene in an effort to harm the business. True False11) Model A is superior to model B if A) it contains more real world detail than model B. B) it contains fewer unrealistic assumptions than model B. C) its predictions correspond more closely to the facts than the predictions of model B. D) it is preferred by a majority of researchers in a public opinion poll. E) it is scientifically "elegant." 12) In choosing among alternative models, economists generally have the strongest preference for models that A) have assumptions that are close to exact replicas of reality. B) are detailed and complex, with every available fact and figure included. C) have few assumptions and are as simple as possible, even if they cannot predict very well. D) predict better than any other that is available. E) have assumptions that are complicated. 13) A normative statement is a statement regarding A) what is usually the case. B) the assumptions of an economic model. C) what ought to be. D)…
- A key assumption of the Tiebout model is that? a.Wealth is distributed inequitably. b.Individuals face high costs to relocate to a new community. c.Residents do not have information about the public goods provided at different communities. d.Individuals can move freely between a large number of communities.A certain production possibilities frontier shows production possibilities for two goods: pants and shirts. Which of the following concepts cannot be illustrated inthis model?a. the flow of dollars between (i) sellers of pants and shirts and (ii) buyers of pantsand shirts.b. the tradeoff between production of pants and production of shirts.c. the opportunity cost of shirts in terms of pants.d. the effect of economic growth on production possibilities involving pants and shirts.Quality-Quantity Trade-off: Becker’s (1981) theory proposes a quality-quantitytradeoff in fertility choices. Parents pay for having kids (childcare, feeding thechild etc.) and well as nurturing the kids (providing education).a. What does Becker’s theory imply about children born in big families?b. To test this model, we need to identify whether it is true that parentswould invest more in kids’ quality (e.g. education) if they had fewer kids.Suppose we compare the education of children in large families and smallfamilies, and find that children in small families get more education. Doesthis imply that being born into a large family causes a child to get loweducation? What mechanisms can you think of that can lead to thisassociation?c. Economists have used twins to test the presence of a quality-quantitytrade-off. In fact, we find that there is mixed evidence for the Q-Q model.What can explain this?