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As a member of the Presiden'ts council of Economic Advisors, you estimate that an increase in the federal deficit of a given amount will increase equilibrium income by twice that amount. If the goal of the administration is to increase equilibrium income by $1000, you would recommend: and why?
Explain the neo-classical theory of trade and show the difference between this and the classical approach, as wellas the similarities
Some nations have very different economies. In the absence of market-set prices, how are prices determined for household goods.
annual net income was $50.72 million. If EMC's estimated opportunity cost of funds is 10%, as an analyst how would you view the acquisition? Would your conclusion change if you knew that EMC had credible information that the economy was on the ver..
Several years ago the National Association of Broadcasters imposed restrictions on the amount of nonprogram material (commercials) that could be aired during children's television shows, effectively reducing the quantity
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
Explain the difference among comparative advantage and absolute advantage. Explain how economies benefit with specialization and trade.
Evergreen Landscapers, Inc., owes Friendly Finance Company $5,000. Evergreen enters into a contract with Suburban Office Park under which Evergreen promises to maintain the landscaping on Suburban's property.
Illustrate what extent are these definitions of economics and happiness similar. To what extent are they different.
Determine the Groups Share of and the Income Split Point for Individual Income Taxes as of 2003 for the following group of income earners:
From each pair of goods, pick the good for which demand will most likely be more elastic:
Identify also describe three trade restrictions. In your opinion, which method of restricting trade is the most efficient.
Nobel Laureate Paul Samuelson said that comparative advantage is one of the few ideas in economics that is both "true and not obvious." Since it's not obvious, we should practice with it a bit. In each of the cases below, who has the absolute adva..
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