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Discuss what has been the governmental efforts to address market failure such as monopoly power, externalities and public goods.
Explain who would the main beneficiaries be of tying Social Security
If the marginal propensity to consume in a municipality is 0.8, what is the value of the simple multiplier? If a new stadium in an ew consumption expenditures is built, what is the impact on the economy based on the multiplier? Suppose the marginal p..
Define the US Bureau of Labor Statistics official unemployment rate and briefly explain major shortcomings of the official unemployment rate.
If the Rhine Corporation ignores the possibility that other firms may enter its market, it should set a price of $10,000 for its product, which is a power tool.
Determine what does a contractionary gap imply about the actual rate of unemployment relative to the natural rate?
Suppose that benefit rules are changed so those disabled workers who take jobs that pay less than $X per day receive a benefit that brings their total daily income (earnings plus the DI benefit) up to $X. analyze the work-incentive effects of the c..
Big Steel Corp. is a price leader in the local steel market. The other, smaller manufacturers set their price based on that established by Big Steel. Discuss how Big Steel should use the information on the supply of steel by other, smaller competi..
An investment of $5000 in Biotech common stock proved to be very profitable. At the end of 3 years the stock was sold for $25000. What was the rate of return on the investment?
If the total expense schedule for a perfectly competitive firm is and if market price is $60, how many units of putput will the company produce?
A civil engineer involved in construction management must decide between two ways to pump concrete up to the top floors of seven story office building under construction. Plan 1 requires the purchase of equipment for $6000 which costs between $0...
Show nominal GDP, the GDP price index for the data above for any 10 years; make sure that one of the years is the base year. Put both real and nominal GDP I the same graph.
different end points in their vision about the economy-Smith claims we end, as Heilbroner puts it, in "Vahalla" while Ricardo claims we end a relatively dismal steady state. In your thought paper, explore why they reach these strikingly different ..
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