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The gap between a country's potential output and its consumption is most directly related to its:
a) exchange rate.
b) budget deficit.
c) comparative advantage.
d) trade deficit.
With an interest rate of 10 percent this person uses $100 current income along with an $80 bank loan to finance $60 of education. Explain how this individual should respond if interest rate increases. Discuss income and substitution effects.
Explain the difference between normative and positive economics. Determine which of these statements are normative and which are positive and explain why you place them in the normative or positive category.
Assume you are compiling your research report. How would you present the statistical information within this case to the IndustryWeek decision maker, the manager who must decide whether or not to continue to publish reader service cards?
what is the short run equilibrium level of output in this economy.
Illustrate by showing the price of a U.S. cell phone in Britain before and after the change in the exchange rate. If you had a business exporting goods to Britain, and U.S. interest rates fell as they have in this example, would you plan to ex..
Illustrate what is equilibrium level of Aggregate Expenditures in this economy. At equilibrium, illustrate what is level of Consumption in this economy.
A tax that results in a larger fraction of income being paid in taxes as income rises is a ________ tax.Answer regressive head progressive proportional
The market demand function is Q=80-p. Describe the profit maximizing input use, the output price, and the monopolist's profit.
Discuss the issues associated with federalism and what local, state, and federal policy makers need to consider when developing emergency response policies?
If citizens were to decide that in the long run, federal expenditures should be 28 percent of national income, what must be the required overall average federal tax rate? (Please answer this in as much detail as possible, I am having a really hard ti..
Illustrate what is the four industry concentration ratio of the hamburger organization in this town.
q. under what elasticity conditions would the following be trueincreasing the minimum wage will result in a decrease in
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