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Larry receives a scholarship to attend the local college. The scholarship terms provide $7,000 for tuition, books, and related expenses for the academic year. Larry only spends $3,200 for tuition, books, and related supplies from August through December of year 1 and $3,400 from January through April of year
2. Does Larry have any income from this scholarship and if so, in which year is it recognized?
The business world become more competitive. If we are to compete with firms in Singapore, Indonesia, and Malaysia, we must keep our costs down. Labor accounts for 75 percent of expenses.
If the villagers together decided to achieve the allocation in part (b), what kinds of rules would the need to institute If they wanted everyone to benefit equally in the new system, what kind of tax and transfer system would they need
For the argument in favor of state subsidies, draw (by hand is OK, but make sure it's neat) a supply and demand diagram that shows the positive externality, the effect of the subsidy, the market outcome, and the socially optimal outcome.
Assume the consumption function is given by C=200+0.5(Y-T) and the investment function is I=1000-200r, where r is in percent. G equals 300 and T equals 200. Find the equation for the IS curve (hint: use the formula for equilibrium Y = C + I + G and t..
make the costs of compliance and non-compliance with regional trading bloc rules and regulations.
Why will resources specialize according to their comparative advantages. Explain why will this specialization increase production.
Under current law, most Social Security recipients do not pay federal or state income taxes on their Social Security benefits. Suppose the government proposes to tax these benefits at the same rate as other types of income.
Depends on what you perceive as the results of free trade agreements such as NAFTA, would you recommend that President Obama continue on the path.
Production Possibilities Tables for Germany and Canada (note that we are assuming that opportunity costs remain constant along the production possibilities frontier), and that each country produces only these two products).
Assume you are a business person with an opportunity to make more money by meeting with competitors and fixing prices, conduct which is illegal. The authorities will not discover that the prices have been fixed. In fact, the price rise could be sm..
Donaldson + son has an ROA of 10 percent, a 2 percent profit margin, and a return on equity equal to 15%. What is the company's total assets turnover?
Suppose that the economy is at full employment and government make decision to cut taxes to give the economy an extra boost.
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