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In response to accounting scandals in 2002, the federal government passed legislation requiring that corporate directors have a certain level of expertise with financial information and mandating that chief executive officers personally certify the accuracy of financial statements. What is the name of this legislation?
Included in paper should be an explanation of differences among the forecasts for economic indicator and a rationalization for which forecasts you believe are most accurate.
If the full-employment level of Y is $250, what fiscal policy might the government follow? d. Suppose Y = $200, C = $160, S = $40, and I = $40. Is Nurd's economy in equilibrium
What is the nominal GDP today What is the difference between nominal and real GDP What is the largest component of GDP What is the smallest component of GDP What is the fastest growing component of GDP and why
Describe a moral hazard problem your company is facing. What is the source of the asymmetric information? Suppose that every driver faces a 1% probability of an automobile accident every year. An accident will, on average, cost each driver $10,00..
Given the industry's concern that workers shirk, they start employee at $10 and increase the pay by $0.40 each year they are on the job.
The utility function of a worker is represented by U(C,L) = C X L, so that the marginal utility of leisure is C and the marginal consumption is L.
Illustrate what is the relationship between the trade situation, the value of the dollar, the national debt and the budget deficit/surplus.
Calculate total factor productivity growth (our measure of technological progress) for each country using the growth accounting framework discussed in class.
Earlier this year the increasing price of tortillas resulted in major protests in Mexico City combined with a warning from Mexican central bank that this may fuel rising inflation.
Explain how does the Heckscher-Ohlin theory differ from Ricardian theory in explaining international trade patterns.
Distinguish between explicit and implicit costs, giving examples of each. What are some explicit and implicit costs of attending college?2. Distinguish between accounting profit, economic profit, and normal profit. Does accounting profit or econ..
Using the concept of opportunity cost, explain why in developed countries with higher average incomes there is more support for costly environmental controls.
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