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The country of fenway consists of 2000 people which 1000 are working and producing 50,000 in real GDP suddenly 500 refugees show up and begin working, as a result real GDP increases 12,500. What happens to the standard of living?
In 1997 the Government of Ontario reformed that province’s welfare system. The reform reduced the amount of welfare payments to a person with no income, but also allowed welfare recipients to keep a larger part of their welfare payments if they did e..
Monetary theory examines the role of excess reserves (actual reserves minus required reserves) in influencing economic activity and Federal Reserve monetary policy. Viewed in the context of a single bank, excess reserves are difficult to measure. Exp..
Describe some of the key decisions Apple management has faced within the past year or two. Identify an ethical issue the organization either faces or has faced in the past. If it has not been resolved, provide an analysis of how the issue should be a..
If the demand for product Z is perfectly inelastic, then the corresponding price-consumption curve will be
In market economics, firms rarely worry about the availability of inputs to produce their products, whereas in command economies input availability is a constant concern. Why the difference.
Calculate your opportunity cost of going to a movie premiere at the theatre with your friend Spencer on Saturday night in the following scenarios. You have no other plans for the night, and Spencer is paying for your ticket. You have already bought y..
The effect of global competition on the decisions made by management with regards to change in labor demand, supply, relations with unions, and rules and regulations in your chosen industry
Explain the design of a public policy that would subsidize the private performance of the R&D (to ensure that the research is done by the private sector) yet would minimize the public funds used.
How can a company use licensing agreements to enter world markets? What two fundamental product strategies do companies choose between when selling their products in the global marketplace?
Elucidate how would this increase in confidence affect the value of the dollar. Elucidate how would it affect the trade deficit.
How does planning theory differ from the practice of planning? What is the major difference between public planning and private planning? List and discuss three theoretical approaches to the process of planning. Which approach do you feel is most eff..
Should the United States pass a minimum wage that assures all workers earn a wage above the level of poverty.
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