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(The Federal Budget Process) The federal budget passed by Congress and signed by the president shows the relationship between budgeted expenditures and projected revenues. Why does the budget require a forecast of the economy? Under what circumstances would actual government spending and tax revenue fail to match the budget as approved?
What is the value of APC at income level Z, at income level RM 2000, what is the value of APC
Explain how many baseball jerseys will you sell in Los Angeles and how many in Brooklyn. What will be the price of your jersey in Los Angeles and what will be the price in Brooklyn.
Suppose we have a competitive market for a good with domestic demand and supply given by:
In current years non-tariff barriers have gained in importance as a protectionist device. Describe and evaluate the major non-tariff trade barriers.
They produce fewer pounds of choice meat per carcass. More than a third of the animal is ground up into buffalo burger, meat too lean to make good patties.
Huntington suggests that the emerging global economy will increasingly be faced with violent clashes between civilizations. Elucidate what Huntington means by the term civilization and why such clashes may be expected.
Suppose that Melanie had 200000 of disposable income and spent 180,000 on consumption in 2006 & had 300,000 of disposable income & spent 240,000 on consumption in 2007
Illustrate what are automatic stabilizers. What are some examples. What are your thoughts about the limits of fiscal policy.
for the nation as a whole the expansion of production of one product must involve a decrease in the availability of the other.
Illustrtyae what policies we should follow in resource allocation for health.
Expalin why do many economists believe that the market system is the most efficient economic system for allocating resources.
Explain why is rising per capita income necessary but not sufficient for broadly reducing poverty and improving human welfare.
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