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From time to time, governments launch some economic policies to stimulate the economy. In recent years the US government has initiated economic stimulus packages to help the sluggish US economy. Among other thing, these packages include a one-time payment of $250 to retirees and Social Security recipients, reduction in Social Security Tax for one year, and spending on “Shovel Ready” projects across the country. State reason(s) for these actions and take a position in support or against these policies.
In jury selection, one cannot exclude potential jurors on the basis of race or other discriminatory criteria. One question is if this prohibition against discrimination should extend to potential jurors that have physical or mental disabilities. How ..
In regard to developing countries, if American foreign policy makers have to choose between supporting an election that brings to power an anti-American government or supporting a dictator who is pro-American, which should they choose, and why? ? How..
To give Mom a day of rest, Dad plans to take his two children, Bart and Cassie, on an outing on Sunday. Bart prefers to go to the amusement park (A), whereas Cassie prefers to go to the science museum (S). What is the rollback equilibrium to this gam..
A monopolist can produce its output at a constant average and constant marginal cost of:ATC = MC = 5. The monopoly faces a demand curve given by the following function: Q= 53-P. And a marginal revenue curve that is given by the function:MR = 53 - 2Q...
What is meant by the productivity? What are the factors of production that limit any nation ability to produce wealth?
Outline the elements of an IMF stabilization package. Provide example of a country- one where the package has not been successful in heloing with the balance of payment deficit. Explain in detail why the package failed in that country. Be sure to cit..
Let's take a look at all the posts above on the definition of GDP. Those definitions of GDP usually assume constant prices even though there is no clear reference to prices in the definition. That is why economists usually like to differentiate betwe..
In an attempt to increase revenues and profits, a firm is considering a 4 percent increase in price and an 11 percent increase in advertising. If the price elasticity of demand is -1.5 and the advertising elasticity of demand is +0.6, would expect an..
You will make 10 end-of-year deposits of $1000 to a savings account. Then for the next 5 years no more deposits will be made. At the end of the next 15 years the savings account will have $20000. Calculate the rate of return for this savings account...
Machine A costs $20,000, lasts 3 years and has a salvage value S of $3,000. Machine B costs $12,000, lasts 2 years and has a salvage value of $2,000. The machines can be purchased at the same price with the same salvage value in the future, and are n..
Explain why did they have differing views on socialism, with Marx being optimistic and Weber being pessimistic.
Suppose you own a house in Mobile, AL. Your house is currently worth $200,000. Suppose there is a 5% chance that a food destroys your house, in which case it will be worth $0. You have $50,000 in your bank account.
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