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1. The more progressive the tax system, the:
a. Less is the built-in stability for the economy
b. Greater is the built-in stability for the economy
c. Less is the effect of crowding-out on the economy
d. Greater is the severity of business fluctuations on the economy
2. The so-called "recognition lag" associated with fiscal policy is a result of how slowly the U.S. Congress moves.
True
False
3. The portion of the public debt owed to foreigners does not represent any real economic burden to Americans because we received money from foreigners when we incurred the debt.
4. The Social Security program is a retirement system where payments to retirees come from their previous contributions.
Explain your answer thoroughly. Illustrate Monetary Policy Tools should the Federal Reserve use to fight inflation. Describe them thoroughly.
The company's engineer estimated that the production of the new product has a 88% learning curve applied to labor required, and the time to complete the first unit was 54 labor hours. Assume the time required to complete the 10th unit and the competi..
A newspaper has a monopoly on the local news market in a town. The market demand is given by P=1.70-Q/10,000, making the marginal revenue MR=1.70-Q/5,000. The marginal cost is constant at equal to 0.80. The fixed cost is 2,000. Variable cost is 0.80Q..
Explain how could those same inventory systems quickly transmit large demand shocks directly to sudden, deep recessions.
Tara bought a corporate bond with a face value of $20,000 at a discounted price of $18,000. The bond pays a dividend every year payable quarterly. What is the quarterly dividend Tara should get if she hopes to get a 12% return on her investments? Ass..
"Looking ahead to next year, the future looks very bleak indeed." The speaker was Sonia Rice, president of Consumer Goods, Inc. "Revenues are projected to be down by 7.3% and our costs (especially fuel and raw materials) are increasing monthly. What ..
Wal-Mart is often criticized for importing many of the goods they sell. Why do they buy goods from foreign markets.
Should there be an increase in regulation enacted to cause companies to better market their products and services? Why or why not? Provide an example to support your response.
A newspaper has a monopoly on the local news market in a town. The market demand is given by P=1.70-Q/20,000, making the marginal revenue MR=1.70-Q/10,000. The marginal cost is constant at equal to 0.80. The fixed cost is 2,000. So, the total cost is..
Illustrate what is the average labor productivity, in terms of square feet per painter-hour.
How would your productivity in completing coursework be measured? Has your productivity changed since you began college? What caused the productivity changes? How could you increase productivity further?
In pure competition-marginal revenue
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