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In most cases, the total value of a nation's output (GDP) is underestimated. Discuss this with particular reference to the concept of "underground economy". How does the issue of illegal immigration (undocumented immigrants) factor into the equation?
One popular voting scheme is rank order voting, where persons assign a rank (1,2,3) to the possible options; the assigned ranks are then added up and alternative with lowest sum wins.
Indicate whether each of the following statements is true, false, or uncertain, and explain your answer.
Illustrate what would be a monetary policy prescription to reduce or eliminate deflation.
What about labour markets Is there any difference between labour and commodities that would make the theory a better representation in one case than the other. Do you feel that theory works for commodities markets in general.
Explain how can federal government spending crowd out private sector investment and consumption.
Predict what will happen to interest rates on a corporation's bonds if the federal government guarantees today that it will pay creditors if the corporation goes bankrupt in the future.
When McDonalds Corp reduced its price of the big mac by 75 percent-Using your knowledge of game theory, what do you think disrupted McDonald's plan?
Assume the marketing environments of each country comprising but not limited to cultural, political, legal, and economic influences.
You take $100 that you had kept under your mattress and deposit it into your bank account. If this $100 stays in banking system as reserves and if banks hold reserves equal to 10% of deposits,
Elucidate explain why after such unprecedented economic growth, technical advance economies still experience economic cycles and stagnation.
Suppose Harrod-Damar model with fixed capital-output ratio. Suppose that the country saves 20 percent of its income and has a capital or output ratio of 4.
What is meant by the Golden Rule and use the Mankiw Golden Rule graph to discuss whether this increase in the US s would have any effect on the GR variables of interest.
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