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Using key concepts discussed in the classes, explain why there is a large role of government (either local or federal) in the transportation industry in the real world. Specif-ically, what types of government policies do you expect in the industry? Under what circumstances, such interventions are justied? Is it related to specic properties of transportation services? What are such properties?
Calculate the present value of an annuity with annual deposits of $10,000 at 7% for 10 years. Determine the monthly payment to amortize a $250,000 debt at 3% for 30 years.
Suppose a Big Mac costs 500 in Japan and $4.25 in the US, at a time with the XR is 112/$. Using the Big Mac theory of PPP, is the yen over-valued vs. the US$ or under-valued?
How could war stimulate the economy? Explain in detail, making sure to mention the impact government purchases have on Gross Domestic Product (GDP). Also, make sure you make m
Elucidate how marketable permits can be used to tackle pollution problems. illustrate your answer with examples from the real world. what problems might a permit face? again
The Fair Labor Standards Act, enacted in 1938, requires that firms pay "double time", which is 200% of the regular wage rate, for overtime work. This question asks you to cons
The unemployment rate of western states is 5.2%, for eastern states it is 5.8%, for southern states it is 5.5%, and for Midwestern states it is 5.9%. The western states compri
The cost of a 110hp generator today is $155,000. The cost of a 65hp generator 6 years ago was $56,000. The generator equipment index today is 193 and 6 years ago it was 143. C
What is the purpose of economic sanctions? What problems do they pose for the nation initiating the sanctions? When are sanctions most successful in achieving their goals?
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