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Compare and contrast China and U.S economic performance during the past five years. Please make use of time series data on employment, inflation, GDP, and trade balances. Tables and graphs are strongly encouraged. (Answer should not be less than 1000 words)
Why is it that unemployment and inflation work in opposite directions--when one is high the other is low and vice versa? This concept is depicted by the Phillips Curve. Why are unemployment and inflation sometimes referred to as twin problems?
What role does rational self-interest play in economic analysis?
Suppose a drop in the compensating wage differential between risky jobs and safe jobs has been observed. Two explanations have been put forward: Engineering advances have made it less costly to create a safe working environment.
On October 1st of last year, the District of Columbia instituted a tax on health club businesses, sometimes referred to as the so-called “gym tax” or “yoga tax”. Many wondered what the incidence of this tax will be: Assume, initially, there is no tax..
Suppose that the GDP of California increases by 14% each year. How long will it take for the GDP of California to double? Suppose that the GDP of Oregon today is exactly twice what it was 37 years ago. What was the average annual growth for Oregon ov..
Suppose you are a manager at Bank of America and the Federal Reserve raises the required reserve ratio from 10 percent to 12 percent. What actions would you have to take? How would your actions and those of other bank manager’s end up affecting the m..
Forte Bend County is planning to construct a Dam some tens of miles away from the Grand Mission Recreation center to facilitate fishing in the El Rehobatha River Basin. In addition a major overhaul costing $650,000 will be required at the end of the ..
The licorice industry is competitive. Each firm produes 2 million strings of licorice every year. Total cost of strings have an average.
q1. a. why does an exporter face a foreign exchange risk? how can the exporter hedge its foreign exchange risk?b. what
Otto’s brother, Dent Carr, is in the auto repair business. Dent recently had little else to do and decided to calculate his cost conditions. He found that the total cost of repairing s cars is T C (s) = 2s2 + 10. Average Variable Costs: Average Fixed..
q.evaluate relationship among the european euro crisis in 2012 as well as the american economy. evaluate how this
How will this affect the firm’s profit maximizing use of coal and output? d) What is the advantage and the disadvantage of placing a tax on the burning of coal to reduce global warming?
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