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Write an essay analyzing • Different theoretical views on national debt,• Long-run costs of high national debt, • Costs of eliminating the budget deficit solely through (1) personal tax increases, and/or (2) through spending cut by decreasing in transfer payments (i.e., Social Security, Medicare and Medicaid) and in discretionary spending (such as defense and education budgets).
Describe the economic causes also consequences of environmental devastation and its impact on achieving sustainable growth and development.
One question that arose during the meeting was about how the firm's profitability in their toothpaste division would be impacted by the expansion. The Board asked you to assess the profit potential using marginal analysis.
Suppose that in a city there are 100 identical self-service gasoline stations selling the same type of gasoline.
some states are required to balance their budgets. is this measure stabilizing or destabilizing? suppose all states
The classic prisoner's dilemma involves two suspects, A and B, who are arrested by the police. Because the police have insufficient evidence for conviction on a key charge, they place the prisoners in isolation and offer each.
If the price of one good changes, what part of the change in demand is due to the substitution effect, and what part is due to the income effect?
Illustrtae what are the nominal rates of interest for both the United States and the euro area?
A firm has the following cost functions: TC = 1200 + 2Q - 0.2Q2 + 0.01Q3 and MC = 2 - 0.4Q + 0.03Q2 A. Determine equations for the following: 1) total variable costs 2) average fixed costs 3) average variable costs 4) average total costs
"When analyzing demand and supply, it is important todistinguish between the short run and the long run. In other words,if we ask how much demand or supply changes in response to a changein price
Create a graph of that charts out the Federal Surpluses / Deficits and Real GDP in each year from 1965 to 2011. (Be careful with the Surplus / Deficit data, since there is an additional entry to account for a change in how the data ..
For an economy at full employment, an rise in the quantity of money will lead to which of following sequence of shifts in aggregate demand and supply curves;
A small-volume foreign auto maker limits the number of its franchised dealers in the United States and gives them exclusive territories. There are also non-dealers who have no official connection with the manufacturer.
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