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1. Determine the three major categories of revenues for the federal government?
2. Determine the three major categories of expenditures for the federal government?
3. Describe whether or not we should be concerned with net interest outlays and national debt.
4. What major concerns are there about the federal budget in the long run?
5. How would you, as president, recommend those concerns be dealt with?
Decreases aggregate quanity demanded among a stationary aggreate curve. E rases the equilbrium level of output and employment.
In other situations it would be reasonable for a purely competitive wheat farmer to raise his price per bushel because he could reduce his variable costs by selling less at a higher price. True or false, and why?
Provide an examples of how each industry practices price discrimination. What are the short and long term strategic reasons these industries employ tiered pricing.
Explain why does competition among traders affect how much of the gains to trade are given to the countries involved in the trade.
Enrique is considering a trip around the world in three years. He will sell all of his possessions at that to fund trip. Two years ago, he bought a used car for $12,500.
Illustrate what economic events or changes will "shift" demand and supply curves, and separately "move" demand or supply along their respective curves.
Illustrate recommendations would you make to Congress and the President for the management of fiscal policy.
Elucidate your answer also describe terms relevant to elasticity used in your explanation.
Determine the profit-maximizing prices both firms will charge. In addition, calculate the price-cost margin for each firm and indicate which has more pricing power and why.
Suppose you bought a bag of groceries at Food Lion this past September for $46.54. Calculate the price of a similar bag of groceries in 1999 prices if the CPI
The United State Congress is currently debating new budget. Most Republicans wish to reduce federal spending. Democrats do not want to decrease federal spending by as much as Republicans do.
Begins with the economy at potential GDP, a war in the Middle East pushes up energy prices temporarily. The Fed expands the money supply to accommodate the inflation.
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