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How can US incomes be growing and not growing and both be true? Explain. How come the rich are always getting richer but their share of income does not seem to be changing? Explain. What is the status of the poor today compared to 40 years ago? Explain. What impact does willingness to work and the presence of welfare have on income? Explain. How are the rich and poor different on the work item? Explain. What is the danger of a politician who proclaims envy against those who earn more? Explain.
Suppose that two economies initially have the same level of real income and both suffer unanticipated declines in their sales of exports of $50 billion. Country "A" has higher tax rates and a higher level of government spending than economy "B". O..
Over the last 30 year in the US, the real price of a college education (i.e. after adjusting for inflation) has increased by almost 70 percent. Over the same period, an increasing number of high school graduates have sought a college education.
Alu City is a manufacturer of aluminum products for building industry and has experienced a high growth rate due to an increased demand. The corporation shares are currently being traded at 410 cents each share.
China and Japan can manufacture calculators and noodles using land and capital in a competitive market. To make one calculator 2 units of capital and 1 unit of land are required, while 1 lb of noodle production needs 1 unit of capital and 2 units of ..
Discuss the two main challenges of the international trading system and how have these concerns been negotiated among trading partners?
In 1968 and 1980, the United States economy experienced a slowdown in productivity incremental. However, since the mid 1980s, economy has experienced higher in the growth rate in productivity.
If the money supply in Mexico is increasing much more rapidly than the money supply in the United Sates, holding other factors constant, what would you predict will happen to the nominal exchange rate between the Mexican peso and the U.S. dollar
WASHINGTON-Less than one month after President Obama took office, Congress last night passed his flagship proposal, an unprecedented collection of tax cuts and new spending that Democrats say offers the country its best hope to stave off an impend..
Why would you expect the inflation rate to accelerate if the actual unemployment rate declined to a level lower than the "full employment" unemployment rate (NAIRU)? Explain your answer in a few sentences. What state of business cycles (such as re..
Proponents of the rebate-for-all assert that more of lower- and middle-income households should be included in any rebate plan because they are more likely to spend a bigger chunk of their rebate than higher-income households
International Monetary Fund information indicate that, with 2000 = 100.0, Japan's export value index in 2006 was 95.3, its import price index in 2006 was 127.2,
While some politicians favor protectionist policies because they feel these policies protect domestic producers, others claim free trade increases economic activity and has advantages for the country as a whole. Describe a recent foreign purchase.
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