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Research the government shutdown using legitimate news and political sources. Describe the effect the government shutdown had on federal services and federal spending. Do you believe there were lasting effects from the government shutdown (if so - describe)? Discuss it in terms of the effect on government policy, the effect on the economy, and the effect on government services. Please site your resource
Public goods are difficult to provide in the private market because they have the characteristics of:
Fill in the blanks with the following words: size, discourage, supply, opportunity cost, duration, encourage, demand. If a government provides substantial benefits to the unemployed while they look for work, it reduces the _______ of being unemployed..
What aspects of the Glass-Steagall Act do you think Congress or the Executive Branch of government should consider reinstituting to prevent re-occurrence of the 2008 financial crisis (TARP -Troubled Assets Relief Program and the Stimulus); or, do you..
The sub- prime loan disaster and the ensuring collapse of the US housing market have resulted in fewer mortgage loans and in significantly reduced residential construction. prices of lumber and wood building products to plummeted. explain how the res..
What happens to investment in the long run? How do you know? What will be the long-run effect of this change in saving/investment? That is, what will be the effect on K*/N and Y*/N? Explain and illustrate using the Solow model of chapters 10 and 11. ..
Indicate whether each statement below is positive or normative. Briefly explain each answer. As a society we should cut pollution by 5% to preserve nature for future generations. The larger a country is it will have a higher GDP (Gross Domestic Produ..
The application of current US antitrust law
You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your “No Haggle” sales policy. Last year, your dealership earned record profits of $1.3 million. What price should you charge for a midsized automo..
If Price elasticity of demand for restaurant meals is 2.27 and restaurant meals wants to increase slaes by 45% by illustrate what percentages would the price have to decrease to get the intended resualts.
Answer the question on the basis of the following information: Harry owns a barber shop and charges $6 per haircut. By hiring one barber at $10 per hour, the shop can provide 24 haircuts per eight-hour day. By hiring a second barber at the same wage ..
What is true of disposable income?
Consider a neighborhood with 1000 residents. Each individual must choose (let’s assume simultaneously) whether to be a criminal or not. If an individual chooses to attempt a criminal act, their payoff is 200 if they succeed, but -300 if they are caug..
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