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The Pennsylvania Consumer Protection Agency (PCPA) investigates the marketing practices of Respond Now!, Inc. The PCPA serves a subpoena on Respond Now!, ordering the firm to provide certain business records, including its marketing agreements with other companies. Respond Now! refuses to comply with the subpoena. On what is the company most likely basing its refusal? Is a court likely to support this position? Why or why not?
Consider an agricultural subsidy provided by the US government. Consider also that milk is one of the products subsidized. If there is NO trade with the rest of the world, the domestic price of milk in the US would be $2.25 per gallon and the equilib..
Developing countries can increase productivity growth more easily than industrial countries. Does this imply that they will eventually be able to achieve the same living standards as industrial countries? Why or why not?
In the Classical growth model:
Explain the “objective theory of jurisdiction.” How does it apply to an organization doing business within a foreign country?
A surface mount placement machine is purchased for $500,000. The SMP machine qualifies as 5-year equipement for MACRS-GDS depreciation. The before tax cash flows, in contant dollars, include an annual uniform series of $120,000 plus $100,000 salvage ..
Provide the T-accounts for the Bank and the Fed once all adjustments are made - we will focus on the bank whose t-account is given to you. This bank is currently not holding excess reserves. Assume there are no currency drains.
The price elasticity of demand for a firm's product is equal to -1.8. The firm currently sells 4,000 units per day at a price of $2. If the firm increases its product price by 10%, then it can expect to sell approximately
Suppose the government were to decide to increase tax rates and cut spending. If the Federal Reserve was feeling rebellious and disagreed with those policy choices, what actions could they take to offset the expected effects? Briefly explain.
whenever the same efforts must be made to uncork also pour both bottles.
If exports are greater than imports, would this increase or decrease GDP using the expenditure approach? What does this mean? Explain in words and with a graph what will lead to a decrease in the quantity supplied. Be specific.
PART 4 Given that 630,800 gallons of motor gasoline were sold per day in North Carolina in February 2009 when the average price was $1.861 per gallon and 620,500 gallons were sold per day in March 2009 when the average price was $1.903 per gallon. (D..
Fiscal policy is most effective in a fixed-rate system when capital is perfectly mobile because there is no domestic “crowding out.” Explain what is meant by the term “crowding out,” and then critically evaluate the previous statement using the IS/LM..
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