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We will discuss your individual perspectives on the BGS relationships in the US economy today. My intention here is to get a sense of the way you have viewed these relationships from what you know about the respective roles of each - Business - Government - Society - in the US economy. Please state whether you believe that there is too much, too little or just enough regulation of business in the US economy? Or, are consumers sufficiently protected or not? Should they be? There are of course no obviously correct answers, but opinions or perceptions stemming from your knowledge base and you reading of current affairs. Place Discussion Question Here.
Gross private domestic investment does not include what?
Using the broken window fallacy as described in “In The News” (p. 14 of Principles of Microeconomics), explain why some journalists, policy makers, and others proclaim that natural disasters are good for the economy in terms of eliminating old infras..
There are two choices for replacing a punch press. The basic model has a useful life of 8 years while the deluxe model has a useful life of 12 years. Whats the most appropriate analysis period for this problem?
In calculating the incremental cost of a particular project, how would you treat the possible future costs of a lawsuit that may occur as a result of this project.
Offshore banking is largely unprotected by the safety net national governments have imposed to prevent domestic bank failures. Compare and contrast international regulatory cooperation in the two principal pillars of finance: banking and securities.
When the demand curve and the supply curve both shift rightward at the same time (and that's the only information we have about this change) we can say that
The state of Minnesota is considering building a highway through undeveloped wilderness. The construction will take 1 year and the construction costs are estimated at $10 million. The annual routine maintenance costs are expected to be $1 million per..
Explain why is the law of supply and demand in applicable without a ceteris paribus assumptions.
Consider a market with a demand curve of P=10-Q and a supply curve of P=Q. Before the imposition of a tax, equilibrium quantity is 5, and equilibrium price is $5 (verify this). If a tax of $5 per unit is placed on this market, quantity traded falls t..
Using basic economic principles, state what you think will cause market fluctuations over the next few years as the economy struggles to recover. What areas of the economy should be closely watched as indicators of future activity?
Assume there is a central city school district in which the student population is predominantly black. What will there be a salary differential between black and white teachers.
If a monopoly faces an inverse demand curve of p = 90 - Q, has a constant marginal and average cost of 30, and can perfectly price discriminate, what is its profit? What are the consumer surplus, welfare, and deadweight loss? How would these results ..
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