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What are the roles of government in the market economy? Based the current economic conditions, to what extent should the government intervene in the market economy?
1. What are the justifications given in favor of more government involvement in the market economy? What are the reasons given in favor of less government involvement in the market economy?
2. Provide an example to discuss how special interests can succeed in perpetuating policies that are opposed by the majority of voters because the costs of organizing and motivating groups to take political action increase with group’s size.
Do wages clear when the wage equals two. Do we know whether the equilibrium wage is higher or lower than two.
This might be interpreted as an upward shift in the consumption function. Elucidate how does this shift affect investment and the interest rate.
The profitability of the leading cola syrup manufacturers, PepsiCo and Coca Cola, and of the bottlers in the cola business is different. PepsiCo and Coca Cola enjoy 81 operating profit as a percentage of sales; bottlers experience only 15 operatin..
explain how governments can contribute, or discourage long run growth through their policies and institutions.
What is the -maximing combination of labor and capital the firm should use? What is the resulting level of output? What is the economic profit? Is this the least costly way of of producing the profit-maximizing output?
If citizens were to decide that in the long run, federal expenditures should be 28 percent of national income, what must be the required overall average federal tax rate? (Please answer this in as much detail as possible, I am having a really hard ti..
Subsequent forecasts were derived by using exponential smoothing with a smoothing constant of 0.25 using this exponential smoothing method, what is forecast for Whopper sandwich demand for Friday.
The Townsville City Council is considering a proposal by the mayor to construct a recreational facility at a cost of $1.0 million. The facility is expected to have a useful life of 30 years during which operating costs are expected to average $100,00..
The following sets of statements contain common errors. Elucidate and identify each error.
A certain waste water treatment unit process costs $50000 to purchase and install and will cost $500 per year to operate. Given an interest rate of 4.00 percent, what is the net present value of this scenario? Assume a 10 year design life. Limit answ..
How are the identities S = NCO + I and NCO = NX related to the foreign-currency exchange market and the loan able funds market?
conomist Robert Fogel focused on which of the following factors as one determinant of long-run economic growth.
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