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The current budget deficit of USA is not sustainable primary because--------
A. It is adding to the national debt problem at a record speed
B. Inflation is getting out of hand
C. Inflation is getting out of hand
D. It puts a greater pressure on money supply and interest rates
Use a labor/leisure model (with leisure hours on the horizontal axis and income on the vertical axis) and words to explain in detail why an income tax creates a welfare cost (or excess burden). Assume that the tax is a constant marginal tax on earned..
Assume that the marketplace for engagement rings is in equilibrium.
By defining its business as printing books instead of empowering imaginations, a children's book publishing company would more than likely experience.
illustrate what does the efficient market hypothesis say will happen to the price of the stock when the $4 loss is announced.
Illustrate what are some of the limitations of the national income accounts in how they represent our standard of living.
What considerations come into play when considering whether the United States or any other political entity is spending the right amount for environmental quality improvements
In each of the following situations, the possible bundles contain apples and oranges and either 0, 1 or 2 of each. An example bundle would be 2 apples and 1 orange = (2, 1). In each part, there is a description of a set of preferences. If the orderin..
q1. suppose that there are only 2 inputs i.e. labor and natural resources which produces 2 goods i.e. movies and
Suppose the output per effective worker is production function is y=10k1/2, where k equals the amount of capital per effective worker and the capital lasts an average of 10 years. Calculate the growth rate of total capital income and the growth rate ..
In a socialist economic system, people are free to choose an occupation of their choice, but many people work in ___ jobs.
Illustrate what percentage of G1 can be mixed with G2 and still satisfy the customers. Elucidate the resulting paint cost per gallon.
An electric utility is considering upgrading its facilities to cut consumer costs. Currently these consumer costs total $350,000 per year. Transformer upgrade Y would have an initial cost of $750,000, would last for 20 years with no salvage value, wo..
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