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One option to balancing the budget yearly or cyclically is to create a government budget that would be balanced if economy were at potential output. Given the cyclical nature of government tax revenues & spending, how would resulting budget deficit or surplus vary over the business cycle?
What do you think about current and projected budget deficit [over 500 Billion this year and coming years] and do you support Bush's economic policy to cut tax and run the Federal government through lending?
What is the marginal opportunity cost of services in each country? Who has the comparative advantage in factory-stuff?
The manufacturer of these products has been in business for over 350 years.Your task is to find two more businesses which have also been around for at least over one hundred years.
Elucidate what would be the budget request for FY13 for this effort.
When 50 employees are used, the average product of labor is 50 and the marginal product of 50th worker is 75.
The New York Times cost $0.15 in 1970 and $0.75 in 2000. Average wage in manufacturing was $3.23 a hour in 1970 and $14.32 in 2000.
What would this event makes the demand for the dollar to increase or decrease relative to the demand for the pound.
A married couple is considering purchasing a new sport utility vehicle (SUV) 5 years from now. They expect the SUV to cost $32,000 at the time of purchase.
Suppose the government is concerned that the going wage rate of $6 per hour for low skilled workers is too low.
As seen during financial crisis of the 1930s and in history, markets are globally interconnected. Aside from financial markets, different countries have different resources.
Discuss the impact of foreign economic aid from rich countries to LDCs and should developing nations continue to seek such aid?
Compute the elasticity of demand in going from 2 unit to 3 units. Is the demand elastic or inelastic in this range.
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