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Identify and discuss the roles of TWO (2) government institutions (organizations, agencies) that guide and/or regulate technology in the USA. Also, comment on the general “effectiveness” of the current regulatory environment
Frank was willing to contribute $40 this year to his local public television station. However, after learning that the television station had already met its goal of raising $400,000, he decided not to contribute because he knew he could watch public..
A manufacturer can sell 400 watches for $11 each and 800 watches for $6 each. Find a demand and price equation assuming the relationship is linear. p Dq = = ( ). Find the quantity demanded at $10 per watch.
Given the market for corn in equilibrium, show the effect on price and quantity of the following simultaneous occurrences: Good weather results in a 10% increase in the harvest of corn. A medical report is published that concludes that consumption o..
Macroeconomic equilibrium and the multiplier effect The following graph shows a hypothetical economy in short-run equilibrium at an output level of $400 billion and a price level of 100. Suppose that potential GDP in this economy is $200 billion. Use..
Select the most serious disadvantage of globalization (in your opinion) and make at least one recommendation
Choose all that apply. Imagine an economy of 10 individuals. Their annual incomes are reported below. Imagine that $100 of Oprah’s income is transferred to Anna. What is true? John - $1000 Kitty - $800 Walter - $200 Steve - $500 Samuel - $800 Bob - $..
Suppose short-run output over the next four years is falling and is at the levels of +2%, +1%, 0%, and -1%. According to Okun's law, what unemployment rates should we expect to see in this economy?
Suppose the tax rate is 10% on the first $20,000 of taxable income, then 25% on the next $30,000, then 50% on all taxable income above $50,000. The government also provides a $4,000 exemption per family member. Compare the average tax rates for Ben’s..
discuss the major barriers to entry into an industry.explain how each barrier can foster either monopoly or oligopoly.which barriers , if any do you feel give rise to monopoly that is socially justifiable
Suppose that the production of $1 million worth of steel in Mexico requires $100,000 worth of taconite. Mexico's nominal tariff rates for importing these goods are 20 percent for steel and 10 percent for taconite. Given this information, calculate th..
When the Fed sells T-bills, Which of the following statements relating Fedwire (the Federal Reserve’s payment system) and CHIPS (the modern equivalent of the New York Clearinghouse Association’s system) is false? The effective federal funds rate is s..
Beta Industries manufactures thumb drives that consumers perceive as identical to those produced by numerous other manufacturers. Recently, Beta hired an econometrician to estimate its cost function for producing boxes of one dozen thumb drives. The ..
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