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Suppose you are transported 10 years into the future. How do you think the economic landscape of the world would have changed? Discuss, with reference to readings current global economic developments, and anything else you can think of. Justify your answer making sure to state any assumptions you make.
Estimating cost behavior well into the future can be challenging when dealing with items that are highly reactive to various factors. Suggest 2 ways that one can compensate for the effects of inflation when preparing cost estimates and why these are ..
In the long run, all thing equal, a decrease in the government deficit is likely to
In the early 1990’s, New Jersey and Pennsylvania both reformed their automobile insurance systems so that citizens could opt for either a less-expensive policy that did not allow people to sue if they got into accidents or a more-expensive policy tha..
Compare the ranking of U.S. GDP (purchasing power parity) to that of other countries by visiting the CIA’s World Factbook. After reading the article U.S.A comes up a bit short in global Better Life Index and comparing the relative ranking of U.S. GDP..
The consumers’ surplus represents the total savings to those who are willing to pay more for a product in a monopoly situation, but are able to buy the product for a cheaper price due to a free-market environment. Find the consumers’ surplus at a qua..
The Table below provides hypothetical data on macroeconomic accounts for three countries represented by A, B, and C, and measured in billions of currency units. S = private household saving; T = taxes; G= government spending; and I = investment.
Discuss the current state of the Chilean economy by focusing on the recent past and macroeconomic characteristics
What are the points you would consider while choosing an algorithm based on optimization?
Economists often concentrate on issue of economic efficiency in analyzing tax systems. What other factors might impact real world tax decision-making in addition to efficiency?
Give an example of how housework is divided up in your home using Comparative Advantage theory?
What will happen to nominal GDP and the price level next year if the Fed keeps the money supply constant. Elucidate what money supply should the Fed set in year 2009 if it wants to keep the price level stable.
Q1. Suppose that there is a natural disaster that destroys part of the nation's capital stock. a. Determine the effects on aggregate output, consumption, employment, and the real wage, with a reference to income and substitution effects and explain..
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