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Given major housing boom that contributed to economic growth in the United State from 2003 through 2008, some of revenues that local governments received were from development impact fee. Development impact fees are charges imposed on a developer to offset the additional costs of the new development that is imposed on society. New developments are very important for local economies given the benefits that they provide. Now, new developments are slowly starting to be established, which has many implications for local communities. What role should the local governments provide with regard to alternative solutions or reduction in fees given the positive externality that is provided by these new developments? Differentiate the options that the local governments will need to discuss given the lack of resources that are currently available.
It is mandetary that a rational customer will not purchase any units of the product represented by these data.
Answer the following Multiple choice questions.
Describe what do you mean by the price elasticity of supply.
In a simple model of duopoly, two company manufacture the same good, for which each firm charges either a low or a high price. Each firm wants to achieve the highest profits.
As compared to high Japanese inflation may result in an increase in the supply of yen for sale
If the MPC = 0.94, C 0 = 45, I = 150, G = 125, T = 75, X = 50 & IM = 60: Write out the consumption function. Compute the simple multiplier.
Provide reasons to explain what the government would have to do to keep the unemployment rate
Explain if you are traveling to Europe in six months and you believe the Euro is going to appreciate against the American dollar, list two ways you could hedge this situation and protect yourself against the appreciation.
Assume a company expects that a $20 million expenditure on R&D will result in a new product that will rise its revenue by a total of $30 million 1 year from now.
Illustrate what yield curve shape is depicted if intermediate term tresury securities yield
You are the adviser to a Benevolent Social Planner. GDP is falling also the economy is in a recession.
You work for an unemployment agency that distributes unemployment checks to unemployed workers in your state.
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