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Define real and nominal GDP. Which form of GDP (real or nominal) do you believe should be utilized when assessing the performance of the US economy over time? Why? Locate GDP data and provide a link to your source. Given this information, how do you think the US is doing with respect to GDP? Explain your answer.
The Pacific Northwest possesses an abundance of dams producing cheap hydroelectric power. Consequently, electricity prices are lower than the rest of the United States, and Northwest consumers use more electricity on average than consumers in other r..
q1. do you believe economic darwinism is reflected in the us banking policy of some banks are too big to fail
Adam Smith’s Theory of the Invisible Hand is often used to justify a hands-off approach to market activity. Can you give an example where government intervention in a market led to an inefficient outcome? How about an example where government interve..
The reason that the local telephone company is able to engage in price discrimination between business and residential customers in providing local phone service is that
Why would an entrepreneur choose C corporation status instead of one of the flow-through entity types? Include characteristics of formation, business activity, and distributions in your response. Discuss non-tax reasons as well as tax reasons.
As a business owner making a final decision regarding the international aspects of a business decision, you may decide to set up a table with the risks and weigh their relative importance against the rate of return you foresee
Sensotech, Inc., a maker of microelectromechanical systems, believes it can reduce product recalls by 10% if it purchases new software for detecting faulty parts. The cost of the new software is $325,000. Identify the engineering economic symbols inv..
Two companies, Lawnman Inc. and Tauro Co., are competing in the manufacture and sale of a new type of kryptonite-powered lawnmowers. Lawnman has a somewhat older plant and requires a variable cost of $150 per lawnmower; its fixed costs are $200,000 p..
Companies 1 and 2 are fighting over a market segment initially held by Company 2. Company 1 has $K in reserves and company 2 has $L. Whenever the market is served by one company, the competing company can launch a price war by reducing the price. Wha..
If $80 is charged for a design fee, and the monthly studio rent is 1,600; write an equation for the profit, P, in terms of x. Then how much is the profit when 50 award designs are sold in a month? How many award designs must be sold in order to maxim..
Explain how the aggregate supply and Phillips curves are related to each other. Can any information be derived from one that cannot be derived from the other? How do short- and long-term Phillips curves differ? (Hint: In the long run, we return to a ..
She says the tax will generate $100,000 tax revenues per month. What assumption is she making.
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