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1. What are the four stages of the business cycle? In which stage do you believe the U.S economy is now? Why?
2. What is the gross domestic product? What is its relationship to productivity?
3. What are the effects of inflation on an economy? What are the effects of deflation? How does the consumer price index work?
4. Explain the difference between monetary policy and fiscal policy. How does the government raise funds to cover the costs of its annual budget?
5. What is the difference between the budget deficit and the national debt?
Illustrate what is an opportunity cost. Elucidate how does the idea relate to the definition of economics.
q.suppose the demand function for corn is qd10-2 and supply function is qs3p-5. the government is concerned that the
Find the demand for L and R. Now assume that the price of right shoes increases. What will be the substitution eect from this price change? Explain.
An asset with a first cost of $240,000 three years ago is sold for $285,000. The asset was depreciated by the MACRS method and has a book value of $69,120 at the time of sale. Determine the amount of the capital gain, if any, and the amount of the de..
q.abc sweaters are greatly admired by their aficionados. the demand for these sweaters is given by q 13 - 0.02 p where
Explain how you would calculate the price elasticity of demand of gasoline? In general terms, explain how consumer and producer surplus will change as a result of this price increase?
Les argues that the 10 year note is a better risk free rate at 2%. He also argues that the stock market is too high and the expected return is really only 5%. Assume that he is correct. The company has a beta of 1.6. What is the cost of equity?
Illustrate what is the proper role of unions. Why are they declining in membership and influence in the economy.
You are manager of BlackSpot Computers, which competed directly with Condensed Computers to sell high-powered computers to businesses. Explain how will impact BlackSpot bottom line.
As a policy maker concerned with correcting the effects of gases and particulates emitted by and local power plant, illustrate what two policies could you use to reduce the total amount of emissions.
Is it a local, regional or national monopoly. What are some of the Barriers to Entry into this industry.
Some firms with monopoly power are more focused on market share, size and influence in the economy. This is particularly true if there is a tendency for ownership (stockholders) and control (managers) to be separated. These firms sometimes are willin..
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