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What are some of the shortcomings of our current GDP measure?
Considering all of the shortcomings of GDP, if you could change the measure to include one of the categories that are currently not included in GDP, which would you choose and why?
Consider ergonomic hazards associated with the operation of pneumatic impact wrenches in a vehicle maintenance facility.
Will it be easier for tax payers to pay off public debt if the money borrowed by the government is spent on education and public infrastructure, or if it is spent on unemployment insurance? Can the government cause a recession and then limit the stre..
The existing equipment will be sold for $6,000. Illustrate what is the first cost that should be used.
Microsoft appears to have a monopoly with over 90 %of the personal computer operating market. Why then would it not be charging a monopoly price
If the price of X drops from $1 to 80 cents, and the quantity rises from 2,000 pounds purchased to 3,000 pounds purchased what can we say about the relationship between total revenue from the sale of X and the value of the price elasticity od demand?..
Provide two examples of a monetary incentive and two examples of non-monetary incentive, a carrot and a stick of each, that government policies use to influence behavior. [Hint: you are welcome to choose any examples you like. If you prefer to limit ..
Cushing Corporation is considering the purchase of a new grading machine to replace the existing one. The existing machine was purchased
Suppose the cross-price elasticity of demand between goods X and Y is -2. How much would the price of good Y have to change in order to change the consumption of good X by 20 percent?
Write a well-reasoned argument defending your stance. If deposit insurance were abolished, elucidate how would this change incentive structure facing deposit theory institutions.
Assume an economy in which the level of tehnology and the stock of capital are fixed. If there is a sudden increase in the labor force due to immigration, how would the standard of living be affected? Would a difference if the increase in the labor f..
Consider the multiple regression prediction equation = 7 + 3x1 - 4x2 + 5x1x2. Find the slope of the line relating and x1 when x2 = 3.
Assume that a firm produces its output subject to the following production function: q = 20K0.5L0.6. Market input prices are r and w. The firm minimizes the cost of whatever output it produces. Use the Lagrangian method to determine the equation of t..
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