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Please explain what is meant by a budget deficit and what is the national debt. While many think these terms are synonymous, they are very different, please explain. What are the approximate values of each of these?
You are hired as the consultant to a monopolistically competitive firm. The firm reports the following information about its price, marginal cost, and average total cost. Can the firm possibly be maximizing profit If not, what should it do to incr..
One of the most important skills to learn in managerial economics is the ability to identify a good business. Discuss at least four characteristics of a good business.
The depreciation rate is d = 0.05 and the labor force growth rate is n = 0.01. The saving function, in aggregate form, is St = 0.3Yt . Find the steady-state capital-labor ratio, the steady-state value of output per worker, and the steady-state val..
Suppose that a less developed country known as LDC encourages direct foreign investment
Is it true that rich people hold more money than poor people do Do rich people hold a higher percent of their income as money than poor people Compared to an income tax, does an inflation tax place a greater or lesser burden on the poor
Short term Treasury bills [3 and 6 month] have current annual rates of interest around 0.5%. Use that info plus your best forecast of inflation to calculate the real rate of interest on those bills.
You are considering buying a new car with a part of your student loan dollars as you really do not need the extra cash now. You have two alternatives with the following cost structures. Speedy Initial cost = $20,000 Annual operating cost = $8,000 U..
Assume the government imposes a tax of $2.00 per unit to reduce widget consumption and raise government revenues. What will the equilibrium quantity be?
Explain how many baseball jerseys will you sell in Los Angeles and how many in Brooklyn. What will be the price of your jersey in Los Angeles and what will be the price in Brooklyn.
If the European euro were to depreciate relative to the U.S. dollar in the forging exchange market, would it be easier or harder for the French to sell their wine in the United States?
How does the expenditure approach calculate GDP. It adds up all the incomes in the economy, It adds up the value of four groups of final goods and services or else.
Brian and Allen are thirty years old with identical academic records and job history. Both currently have jobs paying $40,000 each year.
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