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How do economists distinguish between the absolute and relative sizes of the public debt? Why is the distinction important? Distinguish between refinancing the debt and retiring the debt. How does an internally held public debt differ from an externally held public debt? Contrast the effects of retiring an internally held debt and retiring an externally held debt.
To what extent do these models complement or contradict each other? Discuss.
An oil company plans to purchase a piece of vacant land on the corner of two busy streets for $70,000. The cost of the types of businesses Plan A) Cost: $75,000 Net Annual Income: $23,300 Plan B) Cost: $230,000 Net Annual Income: $44,300 Plan
suppose the airline is offered $4,000.00 per week to haul freight along the route for a local firm. This will mean replacing one of the weekly passenger flights with a freight flight (at the same operating cost). Should the airline carry freight f..
Suppose a prosecutor expects to convict a defendant with probability .5, and that the sentence on conviction is ten years in prison. Assume the prosecutor values prison time at $1,000 per year (its value as a deterrent of crime), and incurs a cost..
John Smith, C.E.O. of A.B.Co. is attempting to estimate the quantity of his product that will be demanded during April. At the current price of $20.00, A.B. Co. is selling 100,000 units per month. Mr. Smith has been informed th..
Real GDP Consumption Planned Investment Government Purchases Net Exports $1,000 $1,000 $100 $150 -$50 2,000 1,900 100 150 -50 3,000 2,800 100 150 -50 4,000 3,700 100 150 -501) Using the table above, answer the following question. The numbers in the t..
Suppose that you can work anywhere from 0 to 24 hours per day at a wage of $1 per hour. You are subject to a tax of 50% on all income over $5 per day (the first $5 is untaxed). You elect to work 10 hours per day.
What are the economic implications of this action in the labor markets? Use graphs as needed and explain your answers thoroughly.
Consider the following regression equation: Yi = β2X2i + β3X3i + ei, i = 1, 2, .., n, Write down each of the classical assumptions specifically
aggregate labor market for bampb professionalsyafklfor 1 amp 2 find equilibrium wage equilibrium nd equilibrium ns1.
For 6 months a year, the Laffer store experiences a lot of demand, so during this period it hires 40 workers. It pays each of them $100 per day. For the rest of the year, the store experiences much less demand, so it hires only 20 workers
The local economists estimate that Y is equal to $12,000 and Monopoly has set Pc at $10. If Monopoly's MC of serving another customer is equal to $1, what is the profit maximizing price for seasonal passes
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