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1. What should the USA government do with individuals' that fight with for ISIS? i need a claim. reason, supporting , acknowledge, and respond
2. Why has cost containment become such a focus of the American public? Give examples of current cost containment measures commonly used.
3. Draw and explain a backward bending labor supply curve. Use an indifference curve diagram as part of your explanation.
Consider a two-period economy with a single commodity (say leisure): x1 is the consumption of leisure in period 1, and x2 is the consumption of leisure in period 2. When Peter evaluates consumption streams, he cares only about the best time in his li..
Suppose the market for milk. For each of the following events, state whether it affects supply or demand, which direction supply or demand shifts, the effect on price, and the effect on quantity.
The classical economists believed that our economy was always at full employment or tending toward full employment. If our economy were operating below full employment, what would happen, according to the classical, to move the economy back toward fu..
A firm has a production function given by q=2 sqrt(KL) In the short run, the firm’s amount of capital equipment is fixed at K=100. The rental rate for K is v=$1, and the wage rate for L is w=$4. Find the firm’s short-run total cost function (STC). Ca..
What is the purpose of trade sales promotions? Identify three types of trade sales promotions that Frito-Lay should use to increase sales. Specifically how should these be implemented?
The normal supply and demand models take the supply and demand of a particular good and show that the equilibrium price is where the two curves intersect. How do we reconcile both of these observations?
The U.S. Department of Justice (DoJ) uses the Herfindahl index to evaluate the impact of a proposed horizontal merger between firms on the degree of market concentration. Companies A and B merge, calculate the pre and post-merger Herfindahl index. Wh..
According to the law of increasing opportunity costs,
The economic model of a perfectly competitive market is very unrealistic because it predicts that firms in a perfectly competitive market earn zero profits in the long run. However, in reality, no firm would stay in business if it earned no profits. ..
Given the nominal interest rate of 17?% and the expected inflation of 13?%, then the value of the real interest rate is ___ ? with the real interest rate equal to 3?% and the expected inflation equal to 4?%, then the value of the nominal interest rat..
Many times, government intervenes as a way to maximize the social welfare of the people and society. However, not everyone agrees that this is a good idea. Can you think of an examples where government intervention has actually been regarded as a bur..
Determine what fiscal policy measure has a more direct impact to the economy - Is it an increase in government spending or an equal decrease in taxes if consumer confidence is lower than the previous month? Explain your reasoning.
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