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The interest paid on internally held debt: Answer is a real claim on our goods and services. is roughly 20% of the federal budget. is paid out to one group of Americans from the taxes collected from another group of Americans. is a real burden on the U.S. economy.
The cyclically balanced budget: Answer is not easy to implement, because it is difficult to plan to balance the surpluses and deficits over a span of years. is mandated by fed
What are the pros and cons of electoral system? What are the most compelling arguments you found for continuing to use the Electoral College? What are the most compelling argu
Two mutually exclusive alternatives are under consideration. Alt A. will cost $40,000, provide annual benefits of $15,000 and a salvage of $4000 at the end of its 4 year life.
Assume that a country’s real growth is 2 percent per year, while its real deficit is rising 5 percent a year. Can the country continue to afford such deficits indefinitely? Wh
Suppose the demand curve for QD = 500 - p, and the marginal revenuue function is MR = 500 - 2Q. The monopolist has a constant marginal and averge total cost of $50 per unit. F
Suppose there are two types of people who need health insurance; high-risk and low-risk consumers. High-risk consumers have a relatively high probability of needing expensive
Suppose that the demand for olive oil is highly inelastic. Also suppose that the supply of olive oil is fixed for the year. If the demand for olive oil suddenly increases beca
Several celebrated investors and stock pickers frequently mentioned in the financial press have recorded huge returns on their investments over the past two decades. Does the
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