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Describe the social and economic repercussion of the following inventions: the typewriter, the jet airplane, television, penicillin. Which do you think is greater in each case - the social or the economic impact?
We discussed alternative views of GDP from the perspectives of expenditure, income and production. What are the basic differences in these approaches? why do they add to the same total for GDP?
_______If an employee is involved with transforming resources into goods and services, then he is in
What is the difference between hedging and speculating? Give an example of speculating using commodity futures and speculating using financial futures.
After reading Psalm 55:21, discuss the freedom of speech section of the First Amendment to the U.S. Constitution and its protection and permitted regulation, of commercial and political speech engaged in by business, including justifications for such..
Elucidate the effects of an increase in business investment on the short-run macroeconomic equilibrium.
The U.S. government pays an economist at the U.S. Department of Commerce $50,000 in salary in 2006. The economist then retires. In 2007, the government pays him $30,000 in retirement benefits. The 2006 payment is included in 2006 GDP as government pu..
The Natural Rate of Unemployment is 5% with the current unemployment rate of 10%. The actual Real GDP is $500. What is the Full Employment (Potential) level of Real GDP?
Assume we are given a demand schedule that is represented by P = 200 5Q and a supply schedule where P = 110 + 10Q, where P = Price and Q = Quantity. What is the equilibrium price and quantity shows all of your work.
Some kids wait until the school year begins to buy their back-to-school clothes so that they are sure to fit in. Such follow-the-leader behavior is an example of what the text calls:
Illustrate what does this imply about the effectiveness of monetary and fiscal policy to reduce the unemployment rate.
Are monopolies and oligopolies (firms demonstrating power) always bad for society?
q1. in may 2011 the average price of gasoline in the united states was 3.76 per gallon and consumers bought 5 percent
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