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German unification involved massive expenditures for infrastructure in the east, as well as transfer payments to many former East Germans. Should such expenditure have been financed by (a) money creation because of their transitory, exceptional nature, (b) debt, or (c) taxes? Justify your answer.
Explain the difference between import substitutions and export promotion as economic growth strategies for developing countries. Be sure to include in your response both the strengths (benefits) and weaknesses (risks) inherent in both strategies. Whi..
Which of the following statements about exports and imports is true?
You are very impressed by the first interviewee completing both phases of BK books interviewing process, and she has indicated that her reservation salary is 110,000. Should you make her an offer at that salary or continue the interviewing process..
Consider an agricultural subsidy provided by the US government. Consider also that milk is one of the products subsidized. If there is NO trade with the rest of the world, the domestic price of milk in the US would be $2 per gallon and the equilibriu..
Suppose the government increases G to 1250. Compute private saving, public saving, and national saving and the new equilibrium interest rate.
Why do you suppose that some publishers are selling space for advertisements in their e-books-and sometimes even in physical books? From an economic standpoint, how could we explain the willingness of someone to pay $19.99 for a physical book that is..
Illustrate what criteria are you using to classify this industry as an example of oligopoly.
Discuss one recent price change that you have noticed while visiting your local supermarket.
Elucidate Average costs are minimized when marginal costs are at their lowest point.
There are ultra-conservative politicians who believe that the Federal Reserve System should be eliminated. Based on the material covered in class (macroeconomics), do you agree or disagree? Explain, in your own words, and be specific.
Generate two (2) advantages and two (2) disadvantages of group decision making within the context of deciding how to spend revenue obtained from a new sales tax. Include at least two (2) examples of such advantages and disadvantages to support your p..
What is the Federal Reserve (Fed) all about? Which Federal Reserve District Bank is closest to you? Who is the current Chairman of the Fed?
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