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Explain and demonstrate the differences between "open" and "closed" fiscal policy multipliers (assume a fiat currency and floating exchange rates.) Also, discuss the small economy vs. large economy case in your answer.
Consider the following economic scenario: The first sushi restaurant opens in a city. People are initially cautious about eating sushi, until an influential health report warns consumers against grilled meat and suggest that they increase their consu..
List five things that are held constant along a market demand curve, and identify the change in each that would shift that demand curve to the right-that is, that would increase demand.
Smith and Jones are stranded on a desert island. Each has in her possession some slices of ham (H) and cheese (C). Smith prefers to consume ham and cheese in the fixed proportions of 2 slices of cheese to each slice of ham. Draw the Edgeworth Box dia..
What is the firm's profit-maximizing (or loss minimizing) output (Q) level? What is the amount of its economic profits (or losses) at this output level? What would be the firm's decision at this price/output level?
If the unemployed workers in the newly unionized sector spill over into the nonunion sector? How many employees will be hired in that sector? D. What is the union relative wage advantage? What is the true absolute effect?
A similar helicopter was purchased 4 years ago at a cost of 140,000$. At an interest rate of 7% per year. Illustrate what would be the equivalent value today of that 140,000$ expenditure.
Assuming that my situation is that of other firms, in which of these cases is output similar to short run equilibrium output.
What are the "boundaries' of a firm? What determines the extent of vertical boundaries? What determines the extent of horizontal integration? Use a cost benefit analysis to describe the optimal boundaries of a firm. Why does the evolution of large fi..
Which of the following statements are true of using a first-come, first-served basis to distribute goods? Check all that apply. Which system for allocating goods provides the best incentives to allocate goods from lower-valued uses to higher-values u..
A local church parish wants to raise money to add to their campus. In a sample from a previous fund raising campaign, the parish found that of the 136 people in the sample they contacted, that 67 actually contributed money. When testing (at the 5% le..
A construction company in Kurdistan expects to spend $4,000 two years later, $8,000 three years from now, and $6,250 six years from now. What is the present worth of the planned expenditures if the interest rate remains 11.8% per year? Use standard n..
Create a model showing the effects of a Price Floor.
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