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Raising chickens requires several types of feed, such as corn and soy meal. Consider a farm in the former Soviet Union. Try to describe how dicisions on the number of chickens to be raised, and the amount of each feed to use in raising them, were made under the old communist regime. If the farm is now privately owned, how does the market guide the decisions that used to be made by the central planning agency?
Elucidate how your policy would help increase aggregate demand.
Given table of data comprising real GDP and its components over a number of years, compute compound annual percentage changes in real GDP (economic growth) and compute the shares in real GDP of consumption.
As we all know that the value of dollar depends on what determines supply curve and demand curve on the foreign exchange markets, which obviously is linked to supply and demand for underlying transactions
Discuss the evolution and responsibilities of the Federal Reserve System. What circumstances promulgated both the development and composition of the system.
Can you select one positive and one negative example of events in your area, state, country or the world that might impact our life, careers or professions.
Assume that the nominal wage rate equals 60. In the short-run, aggregate demand and aggregate supply are equal at a price level of 1 calculate the real wage rate.
Illustrate hat are the positives and negatives of protectionist trade policies on the part of the federal government.
Illustrate what other information would you want before you decided where to establish a new production facitily.
Describe why population growth has such a negative impact on economic growth in Malthusian and Neoclassical growth models.
Assume you currently earn taxable income of $100,000 per year. You are subject to an MTR of 50%. Currently, your ATR is 35%. Calculate your annual tax.
Define and describe the difference between the absolute advantage and the comparative advantage.
Determine the prime rate, the discount rate, and the federal funds rate and who controls these rates? What would you expect to happen in the general economy if these rates are all increased or Decreased?
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