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Research the government shutdown using legitimate news and political sources. Describe the effect the government shutdown had on federal services and federal spending. Do you believe there were lasting effects from the government shutdown (if so - describe)? Discuss it in terms of the effect on government policy, the effect on the economy, and the effect on government services.
In a waiting line model situation, arrivals occur around clock at a rate of six per day and service occurs at one very three hours. Assume Poisson and exponential distributions. Illustrate what is Mean Arrival Rate λ
Assume that the supply of low-skilled workers is fairly elastic, but the employers’ demand for such workers is fairly inelastic. If the policy goal is to expand employment for low-skilled workers, What if the policy goal is to raise wages for this gr..
Based on the article Nearshoring in Latin America, what are the short- and long-term implications of nearshoring given the current economic conditions?
q1. if the aggregate-demand curve is given by the equation p400-2xy and long run aggregate supply100 the long run
Suppose that your production facility can only produce 1,000,000 pills per year. Illustrate what is your optimal price and quantity given the production constraint.
What factors might account for the increase in the earnings of college-educated workers vis-vis high school graduates and dropouts over the last three decades?
At Northvale Golf club the demand for rounds of golf by each one of the 100 identical senior golf members is given by Dsr in Figure 14.3. Northvale's annual fixed costs are $500,000 and variable costs are constant and equal to $30 per round. If the m..
What is Nick’s MRS of swimming in terms of basketball? Do his indifference curves exhibit diminishing MRS or constant MRS?
The park service wants to restrict the number of visitors to Yellowstone National Park to Q*, which is fewer than the current volume. It considers two policies: (A) raising the price of admissions and (B) setting a quota. Compare the effects of these..
How has the recent increase in the price of a barrel of oil affected the prices of bicycles, cars and airplane fares?
Why is their a growing disparity between the rich and poor in the US? What are some of the reasons for this and what should the government do to bring about growing equality with income? Do we as citizens have an ethical responsibility to help the po..
What is a call option and what is a put option? How can an investor hedge against a price decline using an option? How can an investor hedge against a price rise using an option?
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