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The government three functions that directly affect the level of GNP. a) it purchases goods tax revenues; c) it makes transfer payments. Explain how each of transactions are treated in the National Income Accounts.
A county is considering using a piece of park land for one of two alternative recreation projects. Project S would require construction costs of $2 million (year 0) and generate net benefits of $1 million per year for 10 years.
Which of the following choices explains why Japan would want to maintain a fixed exchange rate at 150 yen per U.S. dollar rather than allowing the exchange rate to fall to 120 yen per U.S. dollar?
Many microfinance programs are introduced in a staggered manner. That is, one group of locations get the program today, another gets the program in 6 months, and so on. Describe a difference-in-difference procedure to estimate the impact of microfina..
Illustrate if there were only one supplier of diamonds, elucidate what would be the price and quantity
Suppose you are interviewing the CEO of a large company. The CEO is telling you about his or her job as a manager and how he or she spends time. Using the description below, which function of management is the CEO most likely describing in this examp..
Explain what is meant by "first-mover" advantage and how each of these firms was able to control a relatively large share of their respective markets.
When we look at different economic policies we see that Keynesian, monetarist and supply-side economics advocate for restraining inflation and reducing unemployment?
An airplane takes off from Montreal on Friday morning at 7:30am heading to Los Angeles, California with 117 passengers and 7 crew members aboard the plane. The plane is traveling 430 mph. California is 2000 miles away. It has 86 passengers on board t..
Assume that the dairy industry is initially in a perfectly competitive equilibrium. Assume that, in the long run, the technology is such that average cost is constant at all levels of output. Suppose that producers agree to form an association and be..
Given the data below, use PRESENT WORTH ANALYSIS at a 15% interest rate to decide if method A or method B should be used. Method A: Initial capital cost of $100,000. Operating cost of $20,000 per year. Salvage value after 3 years is $20,000.
Suppose the Japanese yen price of one British pound is 163.78 yen for each pound. In which city hotel room is cheaper and by how much.
During 2009, the demand for LCD televisions appeared to be falling. At the same time, some industry observers expected that several smaller television manufacturers might exit the market. What would a price ceiling set below the resulting equilibrium..
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