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Assume the government cuts its purchases by $60 billion. As a result, the budget deficit is reduced by $20 billion, saving increases by $10 billion, disposable personal income decrseases by$15 billion and the trade deficit is reduced by $5 billion. By how much have investment, consumption and national income changed?
If an important component of a firm's production is difficult to specify in a contract and even more difficult to enforce in its production standards, then it probable makes s
Political advertising is often directed at winning over so-called swing voters, whose votes might go either way. Suppose that two political parties—the Freedom Party and the L
Discuss the common allegation that when all firms in an industry are charging the same price, this indicates the absence of competition and the presence of some form of price-
Determine the minimum sample size to construct a 90% confidence interval for the population mean. Assume the population standard deviation is 1.2 years.
Draw a pair of utility curves, one for X and one for Y, and label the positions immediately after the innovation (before any migration) as x for city X and y for city Y. Use a
A company is considering investing in a project that requires an initial investment of $75,000. The operating and maintenance costs are expected to be $5,000 per year for the
The Chief Financial Officer, Mr. Smith told him it was impractical because it would require the issue of common stock at a cost of 16 percent to finance the purchase. Is the
Explain what is meant by sustainability in different contexts? What is meant by "ecological footprint", "tipping point", and "life-cycle analysis" of a product? Is there such
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