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Consider the question of whether the United States should adopt a gold standard, remain in the current float-based system, or use some other system. Consider the impossible trinity mentioned above and carefully define all terms and concepts to which you refer. Explain the reasoning behind your answer and not the changes to the US economy and policy that would be required in any change.
The following figures refer to a firm production department during a certain week. Estimate TVC and AVC. No. of workers employed 50
Discuss one or two examples of media that have influenced your desires or affected your consumer choices and consumer behavior influenced by advertising.
Illustrate what is the internal rate of return for the college investment that this person faces. Write out the equation used to evaluate the net benefit.
Use the production and price information in the table to calculatereal GDP for 2009, 2010, and 2011 using 2010 as thebase year.What is the growth rate of real GDP from 2009 to2010 and from 2010 to 2011?
Suppose you are the production manager for Widgets, Inc. Your job is to produce a fixed amount of output at the lowest cost possible. When you take over the position, you find that the price paid for a unit of labor is $20 (W = $20), and the price..
demand for potatoes is given by qd 109p withq measured in tons. the supply of potatoes is given by qsp2.a
What is the opportunity cost of producing 5 more units of education and while a production possibility curve describes the possible combinations of output that can be produced with a given set of inputs, it does not tell us who should receive
You're the manager of a paper mill and have been subpoenaed to appear before a joint session of the Senate Consumer Affairs and the Senate Environmental subcommittees.
someone drives through green hills you see large luxuriant homes spread across very large and beautiful pieces of real estate. Why are nice homes usually built on expensive lots rather than cheap ones
Suppose Congress (in an attempt to stimulate the economy in both the short and long run) passes an investment-tax credit, which subsidizes domestic investment. How will this policy affect (comparing the state of the economy prior to the enactment o..
Craft Unions Both industrial and craft unions attempt to raise their members' wages, but each goes about it differently. Explain the difference in approaches and describe the impact these differences have on excess quantity of labor supplied.
Explain the sense in which the Fed is independent of the federal government. How independent is the Fed in reality? What is your opinion about the importance of the Fed"s independence for the U.S. economy?
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