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For each of the following scenarios involving the U.S. government, determine the primary function of government that is being served.
The government levies a tax on consumers and businesses to pay for the provision of a public good (such as national defense).
1. Productive function whereby the government produces goods that are difficult for private markets to supply
2. Productive function whereby the government redistributes income from rich to poor
3. Productive function whereby the government maintains market competition
4. Protective function whereby the government enforces property rights
5. Members of the Federal Reserve Bank, the central bank of the United States, meet every six weeks to adjust interest rates based on economic conditions.
1 Reallocating resources
2 Redistributing income
3 Maintaining competition
4 Promoting stability
Autonomous aggregate expenditures decreases by $200 million, the marginal propensity to consume is 0.50, marginal propensity to invest is 0.25, and the marginal propensity to import is 0.10. Calculate the change in income.
When supply shifts cause a downturn in the economy:
The marginal cost of producing the 101st unit of output is $300. Illustrate what is the total cost of producing 101 units
Illustrate what is currently occurring to the supply also demand for labor also its effects on wages, union membership, also other labor force related topics.
the supply of paper is given by the following equationqs 5000p where qs is tons supplied per year and p is price ton.
If you have to make a random guess and there are four possible answers, what is the expected value of guessing?
q.the cost of hiring a new lab technician is 8000 per month including fringes the cost of leasing additional testing
Suppose the city eliminates its restrictions on books stores, allowing additional stores to enter the marketplace.
Which theory of the yield curve is an extension or modification of the pure expectations hypothesis? Which theory is an extension or modification of the market segmentation hypothesis?
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Consider we wanted to know how many trips versus dinners out you could purchase. If you were told that X = number of trips and Y = the number of dinners out and you were given the following budget information; M=4000, Px=800, and Py=100, Show in your..
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