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1. What is a federal government budget deficit? What is the national debt? How does a budget deficit affect the economy?
She is also curious about the time value of money concepts. Specifically, she has the following questions about these concepts:
2. Why are consumers considered to be risk averse? What methods could used to deal with risk?
3. It has been said that a dollar received today is worth more than a dollar received tomorrow. What does this mean and what is the significance to the economy?
4.What is the difference between the present value of a future sum of money and the future value of a present sum of money? What is the significance of these concepts to economics?
5. If you deposited $1,000 in an account paying 6% interest compounded annually, how long would it take to double?
Illustrate what recommendations do you have for Speedy to offset the impact of their increasing costs. What recommendations do you have for Speedy to increase their total revenues.
Elucidate what could Coca Cola do to mitigate any undesirable effects of business cycles.
The data are available for output (Q) and Long Run Total Cost (LTC) for a firm. Using appropriate calculations determine the range of outputs over which the firm's technology exhibits Increasing, Decreasing or Constant Returns to Scale.
Explain how can you go about finding L, normally it is either the budget constraint and utility functions slopes are equivalent,
Illustrate what are some of the traditional international trade theories that support the concept of globalization.
Expalin why do many economists believe that the market system is the most efficient economic system for allocating resources.
Assume as a professional economist debate about the wisdom of pursuing discretionary fiscal policy.
Illustrate two policies could you use to reduce the total amount of emissions. Explain how would you decide what was the best level of emission reduction.
Illustrate what effect does the current supply and current demand have on this product. Describe how each of the 4 factors contributed to the elasticity of the good.
A firm is using 20 units of labour and 30 units of capital to produce 4,000 units of output. At this combination the marginal product of labour is 50 and the marginal product of capital is 40.
Elucidate your answer also describe terms relevant to elasticity used in your explanation.
Suppose that deterioration in the education level of the U.S. population reduces the marginal product of labor.
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