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Question1. What is more beneficial to an economy a surplus or a deficit relative to budget expenditures? Why?
Question2. Suppose if you were chief economic advisor to the President atpresent, what are the 3-recommendations you would make to him to improve overall effectiveness of the economy?
Which country has the lower opportunity cost of producing olive oil? According to the principle of comparative advantage, which country would export olive oil after the elim
Assume the government sets a price ceiling below the Pe. Plot this price ceiling price on your diagram. What is the new market situation How will it be decided who can buy t
What is the opportunity cost of x in America? What is the opportunity cost of x in China? What is the opportunity cost of y in America? What is the opportunity cost of y
Does the fact that there are no "runs on banks" mean that all banks in the U.S. are fiscially sound How do banks "create" money, how does the Federal Reserve Bank control thi
Explain for each event whether it changes short-run aggregate supply, long-run aggregate supply, aggregate demand, or some combination of them. Explain the separate effects
In the period 2000-2003, the RGDP (real GDP adjusted for inflation) growth rate in the US averaged 2.39% per year, while inflation rates remained at around 2.53% per year. I
Why resources are no longer the most important indicators of economic growth disparity among countries? Which other economic and non-economic factors do you think explain th
Some properties are "sold prior to auction", that is, the vendor accepts an offer before the auction is actually run. Investigate and write a summary on how this process wor
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