Home / Questions / Consider two countries A and B that have the same income distributions
Consider two countries A and B that have the same income distributions. In country A there is a strong credit market (well developed financial system that extends credit to most) and the government supported network of co-insurance (think unemployment benefits) funded by taxation. In country B there is not a well developed credit market and the government decides spend money on public goods like parks, education, and roads. 1. Draw consumption functions for both countries without government (assume they have the same autonomous consumption) 2. Which countries output responds more to a fall in investment? Why? (Show with graph) 3. Now add in the government, and assume that the same fall in investment occurs. Which country has a larger fall in output? Why? (Show with a graph or equation)
Feb 01 2020 View more View Less
If the velocity of a particle is non-zero, can the acceleration be zero? Explain.
Jun 12 2021Consider the Couette flow of a fluid with a viscosity of µ = 0.8 N · s/m2 and thermal conductivity ofkf = 0.145 W/m·K. The lower plate is stationary and made of a materia...
Jul 20 2020Where is the greatest integer function not differentiable? Find a formula for ['and sketch its graph.
Jun 25 2021Derivation of the Buckingham-Reiner equation2rework Example 8.3-1 for the Bingham model, first find the velocity distribution. Then show that the mass rate of flow is giv...
Jun 12 2020What does the periodic table present the elements in the order of?
May 15 2021Which kind of organization structure represents a form of departmentalization that adopts both the functional and the divisional structures at the same level of manageme...
Mar 06 2018Write a program that ask for user input from 5 to 9 then calculate the average
Aug 11 2021Brainstorm, how communities of learning and social networking and visualization and data analysis might be integrated into your group project
Mar 22 2020Chelene had been a caregiver for Marta's elderly mother, Janis, for nine years. Shortly before Janis passed away, Chelene convinced her to buy Chelene's house for Marta. ...
Jul 31 2021ARONA Company issued a bond at par, with a face value of $14,000 at the end of 3 years. The Yield to Maturity of the Bond (YTM) was stated as 6% and the annual coupon of ...
Apr 20 2021