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Explain the price-specie flow doctrine.
Identify and describe the three "waves" of globalization discussed in the lecture.
Suppose the economy is below full employment output, if government purchases (G) increased by $100m, and assuming all else equal
When a worker announces that she plans to quit, say next month, the threat of being fired is generally not credible. The worker may find it in her interest to shirk. What can a manager do to overcome this problem?
Explain how the government distributes the burden of financing government-supplied goods and services. Identify the top three challenges in the process of distribution and suggest your methods to address these challenges.
Suppose that Omar’s marginal utility for cups of coffee is constant at 1.5 utile per cup no matter how many cups he drinks. On the other hand, his marginal utility per doughnut is 10 for the first doughnut he eats, 9 for the second he eats, 8 for the..
In 2013, U.S. sugar imports are restricted by way of an import quota. The domestic sugar price is kept above the world market price of sugar by way of a federal domestic price guarantee. IN comparing the cost or benefit of every job saved in the suga..
Would Americans in general be better off if they did not buy so many things from others? Why do you feel this way?
Find out the Nash equilibrium prices of the procedures at the hospitals. find out the profit maximizing monopoly prices of the procedure at each hospital.
Determine the units-of-production depreciation schedule for the equipment.
Why is a hypothetical "basket" of goods used to measure inflation? Suppose that the U.S. textile industry is competitive and there is no international trade in textiles. In long run equilibrium, the price per unit of cloth is $30. Describe the equili..
Compare and contrast a public good versus a private good. What are the principal characteristics of each? What are the two key characteristics of public goods? Is there a free rider problem when it comes to public goods? Why?
Explain how is the federal budget deficit affecting the U.S. economy. Essay should be about 400 words. How dependent is American, on the Chinese economy.
Consider the problem of satisfying the demand for number 2 pencils faced by the campus store mentioned in problem number. Re-solve the problem, substituting a Type 2 service level criterion of 95 percent for the stock-out cost. Assume that Q is given..
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