Important role in the state and federal levels

Assignment Help Business Economics
Reference no: EM13998655

You now should realize how important it is for economists to try and predict future conditions of the U.S. economy. Economists are also interested in the performance of the economy at a more local level. Discuss how local and national forecasts play an important role in the State and Federal levels.

Reference no: EM13998655

Questions Cloud

What would happen to the price and quantity demanded : What would happen to the price and quantity demanded and/or supplied if the government, in its attempts to help the poor, implemented a price ceiling on gasoline? What is a price ceiling and how successful would the policy be? Why?
Explain what happened to quantity of flat-screen televisions : According to an article in the Wall Street Journal the price of flat-screen televisions fell between 2001 and 2004 from more than $8,000 to about $3,000. During that period Sharp, Matsushita Electric Industrial, and Samsung all began producing flat-s..
Assume a new method of rubber processing is discovered : Below is the PPF for a society, Rubberland. On a given day, the society can produce according to the PPF below and only makes these two products, rubber band balls and rubber hoses. Point A on the PPF represents what Rubberland currently produces. As..
Do they have less purchasing power : Back in the 1950's a piece of gum was 5 cents and today it is $1. Inflation has occured so that does that mean that people can afford to have less gum? Do they have less purchasing power? Explain please.
Important role in the state and federal levels : You now should realize how important it is for economists to try and predict future conditions of the U.S. economy. Economists are also interested in the performance of the economy at a more local level. Discuss how local and national forecasts play ..
Seeming conflict between economic growth versus equity : Discuss your understanding of the seeming conflict between economic growth versus equity. Specifically, does the Congress or a section of the Congress promote economic growth without proper attention to achieving equity - a fundamental goal of our so..
What stage of the business cycle : Examine the level of business activities in the U.S. economy over the past few months. Which trends do you find of interest? What stage of the Business Cycle is the U.S. economy, given the current levels of business activity?
How much of the annual payments is interest : Jonathan borrowed $10000, at 6% annual compound interest. He agreed to repay the loan with five equal annual payments at end of years 1-5. How much of the annual payments is interest, and how much principal is there in each annual payment?. (Complete..
What output level will yield the largest possible profit : A purely competitive firm finds that the market price for its product is $30.00. It has a fixed cost of $100.00 and a variable cost of $17.50 per unit for the first 50 units and then $37.50 per unit for all successive units. What is the average varia..

Reviews

Write a Review

Business Economics Questions & Answers

  Rental cars should be treated as perfectly divisible

Rental cars should be treated as perfectly divisible. Be sure to provide numerical coordinates for any particularly key point.

  Monopolistic competition market structure

Robert has a passion for making ice cream. Assume that ice cream parlors have a monopolistic competition market structure. Between the local Amy's, Cold Stone Creamery, Marble Slab, Ben & Jerry's and Baskin Robbins, he has an uphill battle to break i..

  Which industries would you recommend the nation

According to comparative advantage, in which industries would you recommend the country to specialize. Has the country specialized in your suggested industries.

  How would this affect decision in part a to purchase

Textile Workers of America is planning to strike for higher wages. Management predicts that if strike is successful, cost of labour will increase $100 per day. If strike is successful, how would this affect decision in part a to purchase a textile..

  Analyzing how the risk tolerance factors play in supplying

Using the sameproduct example above, analyzing how the risk tolerance factors play in supplying the good or service and how this should influence management's decisions.

  What is the required return of the stock

The firm, Beta, is under a bad management such that the dividend payment is expected to decrease at a rate of 4% per year. Suppose the recent dividend payment is $3 per share and the stock price is $30. What is the required return of the stock? If no..

  Imply for the short-run marginal cost of these firms

Electric utility companies usually operate their most modern and efficient equipment continuously (i.e around the clock) and use their older and less efficient equipment only to meet periods of peak electricity demand. What does this imply for the sh..

  Why is economics considered a social science

What is economics? Why is economics considered a social science? What role does economics play in your personal and professional lives?

  Determine monopolist profit maximizing price and toal output

Demand for microprocessors is given through P=35-5Q, where Q is the quantity of mircochips. The typical company total cost of manufacturing chips is Ci=5qi, where qi is the output of company i.

  Markup above marginal cost that a monopolist charges

Other things being equal, the markup above marginal cost that a monopolist charges will be:

  At what level of output does average cost reach low point

Derive the long-run average cost and marginal cost equations, and plot them on a graph. At what level of output does average cost reach its low point?

  According to new growth theory-per capita growth

According to new growth theory, per capita growth is:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd