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Since the 1960's, social security and medicare has grown as portions of US government spending. Has the US budget become more or less flexible as a result of the growth in the mandatory programs. Explain your response.
Suppose the U.S.-EU exchange rate is $1.10 per Euro, the U.S. has 5% inflation, and the EU has 10% inflation. Under these conditions the real U.S.-EU exchange rate, rounded to the nearest cent, is approximately:____?
Briefly describe what a microprocessor is and explain its relationship to software. List the four types of memory and briefly describe how each one works.
You read in a business magazine that computer firms are reaping high profits. Assume that the computer market is perfectly competitive.
Consider the following short-run production function: q = 5L^2 − 1/3L^3. Derive a marginal product of labor. Derive an average product of labor. At what level of L is the average product of labor maximized?
What factors might contribute to low or high growth rates in a country? How can sustainable long-run economic growth rate be realized? What are the roles of the government in achieving sustainable long-run economic growth? What is the relationship be..
West Paragon, a developed economy, has been experiencing stable and low inflation for the last two years. There is consensus that the current unemployment rate of 4 percent is also its natural rate of unemployment.? In claiming that an expansionary m..
Consider the market for leather shoes. If producers believe the price of leather shoes will increasae next month, today
Suppose that Portugal and Germany both produce oil and olives. Portugal's opportunity cost of producing a crate of olives is 3 barrels of oil while Germany's opportunity cost of producing a crate of olives is 10 barrels of oil. Based on your answer t..
Explain how specifically can GDP be adjusted to better measure well-being.
Select two major ethical theories covered in your readings for Week One. What are the major differences between these two theories? Which one of these theories is most aligned to your personal beliefs? Explain.
How does the law of diminishing marginal utility fit into an analysis of the demand for health care? Give some examples of decisions concerning health care where you personally are indifferent between getting medical care or doing without medical car..
In the Castorian Airline market there are only two firms. Each firm is deciding whether to offer a frequent flyer program.
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