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1.In what ways might the views of different politicians on what constitutes a good tax system conflict?
Monetary and fiscal policy are government attempts to smooth the business cycle, especially the use of expansionary policies to return to GDP growth from a recession. The goals are relatively short-term, not more than 5 years. Long-term growth, how..
Graph the demand and supply functions for sweatshirts and find the equilibrium price and quantity - what effect will an increase in the price of gym shoes (a complement) have on the equilibrium price and quantity of sweatshirts, all else constant?
An article in BusinessWeek warned of the dangers of deflation as the collapse of numerous Asian economies was creating worries that Asia might try to "export its way out of trouble" by oversupplying everything from automobiles to semiconductors.
Determine whether each firm has a dominant strategy and, if it does, identify the strategy - Determine the optimal strategy for each firm.
1. Why may an expansion of the money supply have a relatively small effect on national income?2. Why may any effect be hard to predict?
The Green Show Corporation is planning going to a piece rate system, where manufacturing workers are paid based on their level of output.
Concept raised in the Dasgupta article in the terms of theoretical microeconomics. Do not try to solve the problem. Simply try to structure the optimization decision.
According to the chief engineer at the Zodiac Corporation, Q=AL^a K^b, where L is the rate of labor input, Q is the output rate, and K is the rate of capital input.
1.There exists a view that the UK is too small an economy to benefit from competition in many industries, with firms failing to reach minimum efficient scale.
If speculators had better information about future exchange rates, would their actions be more or less stabilizing than at present?
1.What is meant by the poverty trap? What design of benefit system would offer the best solution to the problem of the poverty trap?
How would a more controlled access to credit through companies and individuals have reduced the over leveraging of businesses
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