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Q. According to the agreement achieved by the Administration and the Congress, were there a breach of the debt ceiling (limit) because of the budget deficit, the defense budget would be automatically reduced by half. Based on the numbers you find, what's the percentage decrease in the budget deficit that will be induced by such a policy? Do you think this particular budget cutting policy helpful to curb the growing budget deficit? More generally, will such a policy benefit the country?
Offer one good or service that you think would be considered highly price elastic ,one that you think is highly inelastic and Elucidate why.
If the price of one good is four time the price of the other also the price of both double, Illustrate what effect does it have on the set of affordable bundles
How does this policy affect national saving, domestic investment, net capital outflow, the interest rate, the exchange rate, and the trade balance?
If Live Theaters charges one price to all patrons, what would it be. Illustrate how many customers would it serve.
Explain how will the economy change over time. Explain in words and using an aggregate-demand/aggregate-supply diagram.
Suppose that the government imposed a $1 tax each time someone used an ATM.
what will happen to the price level and output? Using the AS/AD model, demonstrate your predictions graphically. what policy might you suggest to the government?
The Road Runner Club contributes money to Senator Sly's reelection campaign fund, and Senator Sly helps pass legislation to add more jogging paths across the state
Explain how will this affect wages and number of workers in home construction. How will this affect the cost of building a home.
Will the brothers gain if they specialize. Illustrate your answer with an example.
How many people are unemployed according to the Burea of Labor Statistics? What is the unemployment rate according to the BLS?
Find out data on wages, employment, and minimum wage laws in developing countries from the internet & summarize this information.
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