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Estimating benefits is often more difficult than cost estimation. Use the example of car ownership to describe the complicating factors in estimating the costs and benefits.
Michael Walzer asserts that terrorism is wrong because it is an indiscriminate attack on the innocent. If you were an immunity theorist, you would judge an attack by American soldiers on a group of twenty ruthless terrorists who had two noncombatant ..
Working at home (preparing meals, taking care of children is not counted as part of GDP. Such work also doesn't constitute employment in labor- market statistics. Calculate the measured employment and unemployment and the measured labor force for eac..
A local car dealer is advertising a standard 24-month lease of $1,150 per month for its sports car. The standard lease requires a down payment of $4,500, plus a $1,000 refundable initial deposit now. The first lease payment is due at the end of month..
In the book, American Nations by Woodard, The union of States was quite fragile in the late 18th century and early 19th century with strong regional rivalries and cultural differences between Yankeedom and neighbors to the South, especially Tidewater..
Leopold Bus Company runs daily service between Bigcity and Tinytown. It calculates that the average cost per trip (wages, gas, insurance, payments on loans, etc.) is $140. Will the sales of the standby tickets cover the average costs of the extra pas..
The incredible shrinking $50 bill in 1957 was worth $50, but in 2007 it is worth only $6.16. What was the compounded average annual inflation rate (loss of purchasing power) during this period of time? Fifty dollars invested in teh stock market in 19..
In Solow’s growth model, illustrate using a diagram what will happen if population growth rate is reduced? What will happen to GDP? GDP per capita? Will GDP per capita grow at steady state? How does the extended Solow’s model help explain GDP per cap..
Suppose demand and supply are given by Qd = 100 - P and Qs = 2P + 25. 2. Determine the quantity demanded, the quantity supplied, and the magnitude of the surplus if a price floor of $ 40 is imposed in this market.
Consider the traditional farm problem: Food can be viewed as a necessity, and overall has a price-inelastic demand. Suppose that 10% of each farmer's crop were destroyed. What is the effect on farmer income? If the price elasticity of demand is -0.5,..
Suppose that Second Republic Bank currently has $150,000 in demand deposits and $97,500 in outstanding loans. The Federal Reserve has set the reserve requirement at 10%.
Represent graphically the effects of an expansionary monetary policy and a contraction fiscal policy in the IS/LM/FX model.
Why would the Department of Justice consider activities like blind booking, block booking, and full line forcing anticompetitive?
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