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Identify at least two changes that may occur for Social Security and Medicare benefits in the next 20 years. Then, describe key policies that the U.S. government could implement in order to ensure positive changes for Social Security and Medicare benefits based on your prediction.
Euro zone as a monetary union, takes the most extreme form of a fixed exchange rate. Explain the cost associate with the monetary union and why may it be a bad idea for Europe?
The average consumer income is $20,000, and the price of the related good is $1.10. Compute the predicted quantity demanded of X at these prices and income.
The current price floor in the agricultural lettuce market is $1 per head. The price floor makes it such that the price of lettuce is 25% higher than equilibrium price and 100 heads of lettuce are demanded at the price of $1. Assuming that the elasti..
Consider the market for coffee beans. Suppose that the prices of all other caffeinated beverages go up 30 percent while at the same time a new fertilizer boosts production at coffee plantations dramatically. Can you tell what will happen to the equil..
What is price information asymmetry? Explain the reason for search online purchase offline behavior. How do search sites drive consumers to retailers? What are the benefits of barter? Who determines whether a price is fair? Why is price often a light..
Discuss the pros and cons of using social media such as Linkedin,Facebook,and online blogs as part of an integrated marketing communications stragey in the marketplace live simulation? Marketing
In an effort to reduce education expenditures, Delware shuts down two of the five colleges that train nurses. Using the traditional supply and demand model, discuss the effects of the budget cut on three markets: the markets for nurse schooling (tuit..
Determine what fiscal policy measure has a more direct impact to the economy - Is it an increase in government spending or an equal decrease in taxes if consumer confidence is lower than the previous month? Explain your reasoning.
The owners of a small manufacturing concern have hired a manager to run the company with the expectation that (s) he will buy the company after five years. The goal of the owners in making this hire is to find the appropriate manager that will increa..
1. What category of budgets are the governance board more likely to be interested in? 2. With a long-term view, which specific two budgets are the most relevant to the governing board and for what reason?
A standard ’money demand’ function used by macroeconomists has the form ln(m) = β0 +β1 ln(GDP)+β2R, where m is the quantity of (real) money, GDP is the value of (real) gross domestic product, and R is the value of the nominal interest rate measured i..
A firm's expansion path represents labor and capital inputs that minimize the cost of production associated with each output level. If a firm uses only two factors of production, one of whose marginal product becomes negative when its use exceeds a c..
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