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Classify the following as automatic stabilizer, discretionary fiscal policy, or not fiscal policy a. the federal government increases spending because of the war in Iraq and Afghanistan b. the Federal Reserve increases the money supply c. during a recession, the total amount the federal government pays out in food stamps and Medicaid increases d. congress and the president cut taxes temporarily to stimulate the economy e. during an expansion, the amount of income taxes collected increases
You are the general manager of the Red Dog mine, which is the sole operator in Alaska selling copper. You have a maximum of S =1,000 tons available to sell this year and next year, and the demand for copper will be constant at p = 1000-q each year, D..
When Betsy goes to make her list for tomorrow she is upset that she didn't get everything done. In a well-written paragraph explain the economics behind her inability.
It is likely that supply curves for labor in individual labor markets are upward sloping. For a firm buying factors of production in a perfectly competitive factor market:
Aside from maximizing profits, assess the factors that managers must consider when making the decision to outsource or integrate forwards or backwards considering which factor would be most influential for decision-making.
Write a summary of how the United States and the other country differ. Which of the two countries has better prospects for the future and why? Provide a reasoned opinion.
Which program forces farmers to destroy millions of dollars worth of crops each year?
Hugo, a manufacturer, wanted to retire. His business had some good contracts. For this reason, Ian wanted to buy the business. Hugo showed Ian his accounts for the last three years, his orders for future work not yet carried out and the debts owed to..
Supply-side policy is based on the assumption that people's economic behavior is not affected by taxes. Interest rate differentials can cause rapid fluctuations in short-run exchange rates. In general, speculators tend to make a floating exchange rat..
A negative externality:
A country imports 5 billion tonnes of coal per year and domestically produces another 4.5 billion tonnes of coal per year. The world price of coal is $50 per tonne. Assuming linear schedules, economists estimate the price elasticity of domestic suppl..
While waiting for their buses to leave, they decide to browse your school bookstore and buy some items that catch their eye. How would this affect the store’s inventories?
What are three key events of the twentieth century that have shaped international relations today? Describe the events you choose and explain each of your choices.
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