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Explain the viewpoints of classical and Keynesian economists. How did the economy that existed at the time of these theories influence them? Which theory is more appropriate for the economy today? Why?
Make a prediction regarding opportunities and challenges that an increase in diversity may present in the United States in the next 50 years. Elucidate the reasons for your speculations.
Find the cost functions for the following firms: A firm with production function f(x1,x2) = min{ 2xl,3x2} A firm with production function f(xl,x2) = 2x1 +3x2 A firm with production function f(x1,x2) = In
Explicate why the PPF before the war is different from the PPF after the war. Explain how you appraise the role of modern government.
Economists look at the differences between the short run and the long run in macroeconomics. Explain how might knowing this affect you as the manager of a large firm.
Should United States government approach favors certain kinds of immigrants. Should citizenship preference be given to the neediest applicants.
A price floor reduces the amount of a product that consumers buy because it keeps the price above the competitive equilibrium of market.
Suppose that all the necessary conditions exist for the realization of equal wage rates in every market of labor.
Explain what occurs when a new technology makes another one obsolete in terms of economic profit?
The ABC Bank of Bermuda has outstanding checkable deposits of $300,000 also a reserve ratio of 10%. If it has excess reserves of $15,000, illustrate what is the size of the bank's actual reserves.
Compare and Contrast the features of the retirement plans offered by Creative Games and United Manufacturing. Which plan do you think is more desirable? Why?
llustrate the black market for lnternet access, comprising the implicit supply schedule.
Explain how will the increase in unemployment benefits affect output and the price level in the short run and in the medium run.
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