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You are the fiscal policy maker of a country which had a closed economy, but which now opens up to the rest of the world. Explain and discuss how opening up the economy will have an impact on your fiscal policy measures.
What are the major characteristics of helping those in need in America? What do you think has been the biggest change over the past five decades?
What product characteristic refers to the situation where consumers place higher value on a product if other consumers also use it?
Calculate firm 1's profit-maximizing output and profits in the absence of potential competition and calculate the output and profits of both firms in case firm 1 accommodates entry.
Suppose that Lorena consumes only three different goods: steak knives, butter knives, and butcher knives. If, according to Lorena’s preferences, butter and butcher knives are inferior god, must steak knives be a normal good?
Suppose you are given the following information about an industry: Find the equilibrium price and quantity. Suppose the government puts a $1 tax on this commodity to reduce its consumption and raise government revenue. What would be the impact of thi..
Discuss balance of fixed and variable costs for organization. Explain how has Internet changed this balance for organizations.
Identify two goods each whose demands exhibits (a) high income elasticity, (b) low income elasticity, (c) high price elasticity, and (d) low price elasticity. What accounts for the differences in elasticity?
Discuss what is needed to better develop a probation/parole officer’s multicultural skills. Discuss the specific recommendations that you would suggest when attempting to re-integrate prisoners into the community-- successfully.
You use money just about every day. What is money and what functions does it perform? How is the supply of money measured? Who influences how much liquidity is created or reduced in the U.S. economy?
With a Swedish Kroner, the likelihood of getting Heads when it is spun on edge is 0.2. If X is the random variable where X(H)=1, X(T) = -1, find the expected value E(X), the variance Var(X), and express X in its standard form. Consider two fair dice,..
A competitive, unregulated market would. Externalities. Utility is the
What are the positive and negative aspects of budget deficits and surpluses? What policy is best for today’s economy? Explain your answer.
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