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1. A flood has destroyed a city's downtown. The mayor declares that the rebuilding of the city will lead to economic growth and the city will end up better than before. Use economic reasoning to analyze if the mayor's statement is correct.
2.The president of a large public university proclaims. "if we can get the state government to fund our new football stadium, it will not cost us anything" Evaluate this view from an economic perspective. Answer this in the text block below
3. Explain what crony capitalism is and what effects it has on the economy using the PPF model. You do not have to draw the graph just explain how it looks with crony capitalism
4. Explain why 4 letters are used to describe the four types of business cycles. Give the economic reasons for using the letters to describe various types of business cycles.
5. What was U3, U6 and labor force participation for Jan. 2017? What was the advanced 4th quarter 2016 GDP growth rate? What was the real GDP growth rate for 2016? If the economy continues to grow at the growth rate for 2016, how long will it take for the U.S. to double its living standard? Explain how you got this number. How does this number compare to the number of years using the historical growth rate average (pre-2000)?
6. Explain what are the myths about free market capitalism and why they are myths not realities.
1. Who are the three best-known quality pioneers? Describe and then compare their individual contributions to quality. 2. Look through the ITT Tech Virtual Library and identify a major company that adopted one or more of the pioneers' strategies. Sug..
Do you believe that noncompetition agreements should be allowed in regard to healthcare professionals, and why or why not? Assuming these agreements are allowed, what do you believe are reasonable restrictions as to time and geographical limits?
q1. as long as firms are price takers in the labour market it doesnt matter if firms are monopolists in the output
The Sterling Corporation makes and sells motorcycles. The total cost of each cycle is the sum of the costs of frames, assembly, and engine. The firm produces its own engines according to the following cost equation: CE = 250,000 + 1,000 q. What is th..
Determine whether the Justice Department would challenge a merger between two firms in an industry with 10 equal- sized firms, based on its 1984 Herfi ndahl- index guidelines only. NOTE: Need to calculate and compare the Herfindahl index before and a..
Elucidate the rationale and the implications of the new guidelines used by the Department of Justice and the Federal Trade Commission for evaluating proposed mergers.
For each of the following changes in the macro-economy, show how to think about them using the IS curve, and explain how GDP is affected in the short-run. The government offers a temporary tax credit: for each dollar of investment that firms undertak..
Discuss the motivational implications of a job which provide autonomy and personal responsibility to the employee. Discuss the motivational implication of a job involves not much significant task.
Compare and contrast the behavior of a monopolist and a firm in a monopolistically competitive market:
Suppose you loan $5,000 to a friend to help him start a new restaurant business. Your friend signs a promissory note at a simple fixed interest rate of 5% per year. This note requires repayment in one lump sum five years from the date of the loan. Ex..
Malpractice Lawsuits involve medical error: a negligent act by a healthcare provider that falls below the expected standard of care. These acts can be very costly to the healthcare industry. Medical Malpractice Law in the United States (2005) describ..
What is a subprime loan? How do subprime loans differ from standard loans? Bespecific. How do lending standards for subprime loans differ from standard loans?
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