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Q1. Do protectionist policies benefit producers, consumers, workers, or the government? Explain. Explain how the "Buy American" theme hurts Americans.
Q2. Explain the tools used to pursue expansionary and contraction fiscal policy. During which phases of the business cycle would each be appropriate? b) Explain what is meant by a built-in stabilizer and give two examples.
Think of any financial innovation in the past ten years
Compare the rationale of the Reagan administration for the 1981 tax reductions with the rationale behind the Kennedy-Johnson tax cut of 1964
The Coca-Cola Company has 40% of the cola market. Determine the probability that a sample proportion
Why did people believe the difficulties Aisian economies were expericing in 1997-1998
Describe the Schumpeterian notion of "creative destruction"
Calculate price, quantity and social surplus for the initial state and each policy.
Suppose that the participation variable, voucher, is completely randomized in the sense that it is independent of both observed and unobserved factors that can affect the test score.
What are the factors that affect pay differentials? How does each factor increase or decrease relative wages?
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
Describe a skimming price and a penetration price, and advise them whether they should charge a skimming price or a penetration price, with supportive reasoning for and against each pricing alternative.
What are the annual accounting costs for the firm described above? What are the annual explicit costs for the firm described above?
Calculate whole expected convenience from each restaurant option and also compare?
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