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Some members of the Tea Party movement want to repeal the seventeenth Amendment, Which provides for electing U.S. senators popular vote. If the amendment were repealed, state legislatures would choose each state's senators. Advocates of repeal argue that it would strengthen the power of the states within the federal system. Are they right--and would such a change have a good or bad consequences? Explain.
Suppose policy makers pass a budget that results in an increase in the budget deficit. Also assume that this fiscal policy action results in a reduction in the saving rate. To what extent will this reduction in the saving rate cause permanent changes..
How would decreasing an import tariff on a good affect producer surplus in a nation that imports that good? In international trade, what is a tariff? What will occur if a nation opens itself to trade in a good and becomes an exporter?
Following a long period of slow economic growth, the government of country X decided to open its economy and reduce trade barriers in order to boost economic growth. This provided the expected impetus to the economy as competition increased and the e..
Why are securities market institutions not considered to be financial intermediaries?
Explain why fitting a line of best fit through observed price and quantity combinations over time is not likely to yield good estimates - If a firm uses only capital and labour, show why the cost minimising combination of inputs sets
Choose one essay below and write at minimum a 5 paragraph essay (WITH EXAMPLES) APA style Minimum 2 sources excluding the text book. Make a case that either the government works or the government doesn’t work. What is the relationship between fixed c..
What government policies are available to reduce domestic demand in the medium run. Identify which components of domestic demand each of these policies affect.
Walt considers x and y to be perfect substitutes. They originally cost $10 and $9 respectively. His income is $720. One day the price of x drops to $8.
In Lookout, CA there are three car owners, one car thief, and an insurance company. Every year, one, and only one, car gets stolen with equal chance. The insurer offers a $12,000 policy at a $5,000 premium. What are the chances of turning negative pr..
The U.S. Securities and Exchange Commission (SEC) roadmap issued in 2008 may eventually move U.S. issuers to report under International Financial Reporting Standards (IFRS). Consider the following critical questions of such a move:
Oversize Transport Inc. supplies custom delivery service for very large construction equipment in the southeast region of United States. The most common lead of the specialty trucker is the Caterpillar model 740 dump truck, which is about 258 feet lo..
Forecasting models can be divided into three groups
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