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1. Describe the growth of the economic role of the federal government since the 1930s.
2. Give two examples of public goods or services that you use.
3. If you could order a cut of $100 billion in federal spending, which programs would you cut and why would you cut them??
Assume your elasticity of demand for your parking spaces is -0.5 and price is $20 every day. If your MC is 0 and your capacity at 9 a.m. is 96% full over the last month are you optimizing.
Explain how much does consumption change this year in absolute dollars as a result of a $5,000 annual tax cut to your income, if the tax cut.
If personal taxes were decreased and input productivity increase simultaneously, the equilibrium: output would rise, fall, price level would necessarily fall, or price level would necessarily rise.
Did you know that many large countries utilize a national sales tax, or value added tax, to raise revenues? What if, -in an effort to FIX THE ECONOMY, the U.S. decided to do this? What other countries are doing this and to what degree of success?
Calculate the annualized value of a building that would cost $1 million to replace and has a life of 25 years. Use interest rates of 5%, 10%, and 15%. Show your calculations not just the final answers. Assume that a piece of equipment has a replaceme..
q1. suppose that the terms of trade of a nation improved from 100 to 110 over a given period of time.a by how much did
Define Mercantilism, Pick a country and talk about the products they import and export with the U.S.A. Also talk about the composition of trade with relation of abundance of the two countries
Determine total cost of quality when there are no defectives. D = 0 and product quality is perfect. Determine total cost of quality when D = 90. No company could stay in business with D = 90, as will be apparent from calculations.
An athletic director was once quoted as saying that he felt his school spent too much on athletics but that it could not afford to stop.
Do you believe that a “culture of entitlements” exists that contributes to the budget crisis? Does this concept carry over to corporate culture?
Suppose that all the necessary conditions exist for the realization of equal wage rates in every market of labor.
Management and a labor union are bargaining over how much of a $50 surplus to give to the union. The $50 is divisible up to one cent. The players have one-shot to reach an agreement.
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