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Requiring states to run balanced budgets
Some states are required to balance their budgets. Is this measure stabilizing or destabilizing? Suppose all states were committed to a balanced budget philosophy and the economy moved into a recession. What effects would this philosophy have on the size of the federal deficit?
Describe the productivity change for every category also then determine the improvement for labor-hours, the typical standard for comparison.
Describe the total shortage associated with the price ceiling. Compute the full economic price. How much is the non-pecuniary price.
Still remaining including the Ricardian framework, consider that Canada has 100 units of labor available for production while Mexico.
Explain how would each of the following theories of comparative advantage explain the fact that the United States exports computers.
Illustrate what has happened to the price and quantity of the substitutes and complimentary goods/ services for your selected product over the last year.
Using a supply and demand graph, make one shift of wither the supply or demand curve to illustrate the likely result of this action.
Elucidate what happens to Economic growth and Consumption at each stage of the cycle. At which stage of the Business cycle is your firm right now and why.
There be surplus supply or surplus demand. What would be the quantity of surplus demand or surplus demand.
Find out the average total cost and average variable cost as a function of the level of output. Assuming the firm has the same cost curves in the long-run for q>0 and C (0) =0, how much will it produce in the long-run?
Compute utility function that corresponds to a constant Arrow-Pratt measure of absolute risk-aversion.
Illustrate what is the present rate of unemployment and the current rate of inflation
Explain what accounts for the Hong Kong Monetary Authority behaving differently than the other central banks in emerging Asia.
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