5. Suppose you could make changes to society that will move 5% out of one box of the transition matrix down one box (as in the last problem you moved 5% from the top left cell down to the cell below). Moving 5% between which pair of cells (with one right on top of the other) will cause the greatest long-term decrease in poverty?

MICROECONOMICS

A student trying to maximize her semester GPA uses all her time to study. She splits her time equallybetween studying for economics and literature. An extra hour spent studying economics will raise her GPA by 0.5. An extra hour spent studying literature will raise her GPA by 0.25. Should she use her time differently? Select one: a. With the given information, it is impossible to determine whether she should reallocate her time. b. She should not reallocate her study time at all. c. She should spend more time studying economics and less time studying literature. d. She should spend more time studying literature and less time studying economics.

Is it better to have a high or low dependency ratio?

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How do economists address the 3 central questions that economists ask to better understand decision makers’ of higher education behaviors on : Who is the decision maker? What goal is the decision maker trying to achieve? What are the decision maker’s constraints?

The acceleration Principle describes an accelerating demand for a good or service resulting in considerable increase in entrepreneurial activity and capital accumulation. The resulting investment in producers goods is large and significant but is followed by a decrease ind emand resulting in a disproportional amount of idle investment relative to the reduced demand for a good or service. As a boom progresses the harder it becomes to buy machines and equipment plants are overloaded with orders for these things their customers must wait a long time before machines are delivered. this generally argues against the acceleration principle. Yet the utility use of the acceleration principe is very positive because A. The level of inventory investment can be explained very well with it B. all of the above C. Investment spending is proportional to the change in output D. It is not affected by the cost of capital

Consider Angela who currently works as a data scientist with machine learning expertise. Recently,she was offered a job by Bruno’s firm. The job offer includes a higher salary than her current job andthe freedom to choose the number of work hours per day. But Angela is also an amateur musicianwho desperately dreams of becoming a professional one day. This motivates her to practice musicas much as possible, which makes her value her free time very much.Using the model of individual choice, and assuming Angela accepts the job offer, graphicallyillustrate the impact on her choice of free time and consumption. Fully label your diagram. Notethat there are no actual numbers given in this question: you may make them up or simply useappropriate notations. Explain specifically its impact on the following:• Angela’s choice of free time• Angela’s consumption level• Angela’s utility level

Do you think that the pure market economy in these circumstance of COVID 19 play an effective role in economy? Give four evidences from your point of view.

Governments generally want people to get immunised against highly contagious viruses suchas COVID-19. Nonetheless many people refuse to take the vaccination jab, because theyoverestimate the likelihood of side effects, or because they are complacent about gettinginfected or the severity of symptoms they might experience. They also might not care orunderstand that their immunity protects others. Use the theories of market failure andgovernment intervention to analyse the motives of government, the anti-vax phenomenonand their consequences. What, if anything should government do to make more people getvaccinated? What would be the problems with such interventions?