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Our forefathers incorporated into the Constitution the concept of checks and balances. Explain its strengths and weaknesses of such a system, especially in a democracy form of government.
Solve for steady-state level of captial and output. What savings rate would be necessary to achieve a steady-state output of 150.
Assume that the inflation rates in 2010, 2011, and 2012 were 1%, 2%, and 3% respectively. During the same periods, nominal interest rates were 5%, 5%, and 6%, respectively. What are the ex-post real interest rates in 2010, 2011, and 2012?
Consider an employee who is considering embezzling $10,000 from his employer. The worker is risk neutral and estimates that the likelihood of being caught is 1%. There are two possible punishment mechanisms available to the court- monetary punishment..
What do you think about soundness of the financial sector in the country of Ukraine? What is the structure of the banking sector? How large? State owned share? Foreign ownership? Is it well regulated?
The market supply and demand functions for a product traded on a perfectly competitive market are given below: Based on this information, calculate the equilibrium price and quantity in this market.
Governmental Budgeting Process Using a local, state, or federal government agency’s budget: Analyze how and where revenues are derived for the agency. Analyze which revenues are used in which funds: governmental, proprietary, and fiduciary.
You and other college students are deciding whether to major in music or engineering. You learn that there is a shortage of engineers making it easy for engineering graduates to find employment while there is a glut of musicians for whom finding a jo..
Suppose that England experiences higher inflation than the United States and at the same time the pound appreciated relative to the dollar. What does this imply?
Why does government mandate individuals to purchase their own insurance in some cases such as automobile liability insurance but directly provide insurance to people in or situations such as health insurance.
Aristotle argues that whatever is the good in itself, it must be something sought which meets three criteria, namely that it must be. Among the rights discussed in class (& the handout), private property rights where justified on the grounds that the..
Calculate the annualized inflation rate of the price of meat over the periods: (a) May-July 1923, (b) July-September 1923, (c) October 1923,(d) November 1923.
1. Find the IRR of a project that returns $17,000 three years from now if it costs $12,000. 2. Find the IRR and MIRR of a project if it has estimated cashflows of $5,500 annually for seven years if its year 0 investment is $25,000.
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