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How does a government budget surplus affect the U.S. economy?
Identify two periods in recent history in which the United States has run budget surpluses.
What were the reasons for the surpluses during those time periods?
Suppose the government has selected tax levels th and tp using the Ramsey rule. Furthermore, at those taxes, the market sells 300 thousand heart surgeries and 1.5 million plastic surgeries. Finally, the government collects $1 billion in revenue fr..
What are the components of GDP, and how does energy consumption enter each of these components? How would changes in energy prices, such as oil price shocks, possibly affect GDP growth? Please explain the related impacts on inflation and unemploym..
Explain why is it that increased productivity leads people to take out more loans - which then leads to more growth.
Describe the idea of trade offs cost also benefit analysis when answering the above question.
Target costing is just new fashionable term for something which we have done all along.
The student will chose a country and a MDG goal and write a 25 page (single spaced) evaluation of the countries efforts and progress in meeting this goal. Projects will be modeled after a profession report (color graphs, bound, table of contents ect..
Ross, a Canadian resident, purchased a car worth $ 3,00,000 that was produced entirely in China. Does this transaction affect Canada’s GDP? Justify your answer.
Describe various goods you either buy or sell at your workplace that are price elastic.
Macro economic choices, particularly in the areas of fiscal policy, are not just about economics but about deeply social targets and prices as well. This Case asks you to think about some of these dimensions.
Identify the flaw in this analysis: "If more Americans go on a low-carb diet, the demand for bread will fall. The decrease in the demand for bread will cause the price of bread to fall.
The primary difference in a change in supply and a change in the quantity supplied is,
Refer to the above data. If the product price is $60, at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations. Refer to the above data. If t..
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