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Why are state and local government functions different from the federal constitution?
750 words and need 3 scholary sources.
Why is general equilibrium analysis an important tool to understand, in particular, in the context of policy analysis? Use an example that illustrates the importance of general equilibrium analysis, over and above partial equilibrium analysis, as par..
For each case below, please state if the person mentioned is unemployed for Frictional, Structural, or Cyclical reasons.
Dr. Doug is considering two business opportunities. Both require an initial investment of $200,000. The first will return $50,000 at the end of each of the next six years, while the second will return $35,000 at the end of each of the next 10 years. ..
Why is an individual bank more limited in its ability to create money than the banking system as a whole? What are the limitations on the maximum expansion of money supply? What is the effect on the deposit expansion process if banks choose to hold m..
The production of Electricity releases a harmful gas, SO2. What can the government do to maximize social well-being? Make use of a graph to illustrate your answer.
mr. banks knows that line maintenance expense varies with company size and he wants to use the latter to predict the
Assume a US saver with $1,000 to place in a domestic or European bank CD. The interest rate for US and European savings equals 4%. If the saver keeps her money in the US, her return equals ____. If the saver moves her money to Europe with a forward t..
Suppose the current equilibrium price of a quarter-pound hamburger is $5 and 10 million quarter-pound hamburgers are sold per month. After the federal government imposes a tax of $.50 per hamburger, the equilibrium price of hamburgers rises to $5.20 ..
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 100 - 0.5P, and the marginal cost of production is $80. Determine the optimal number of units to put in ..
What is required before the state can restrict/regulate your use of real property? Why does the law require special steps be taken for the formation of joint tenancy?
How much cash and markatable securities does Gray Computer Co. have if the firm has a current ratio of 2.5, a quick ratio of 1.2, and current liabilities of $12,000. Gray's credit sales are $98,000 and its average collection period is 40 days? (Assum..
In 2014 in a country with a labor force of 100 million, 6 million people were unemployed. In 2014 the number of unemployed people increased to 7.750 million. Assuming that the labor force did not increase in 2014, use the Okun’s law and formula predi..
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