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How do people earn income? Should you just consider what you want to do without considering what others' value, especially prospective employers? Who best determines what to do for a career, when to do launch and what to accept in wages, benefits and salaries? The government, the employer or the person searching for a job in a particular career? Why are the answers to these questions important for people wanting to prosper?
How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.
Determine the pros and cons of the following consequences of outsourcing decisions made by United States firms in response to increasing globalization and tougher competition in marketplace.
Explain, in your own words, how an increase in investment spending generates a multiplied effect on GDP. Explain how the accelerator and the multiplier concepts can represent an internal theory of business cycles.
Illustrate what interest it should be used in project analysis calculations.
Assume the consumption function is given by C=200+0.5(Y-T) and the investment function is I=1000-200r, where r is in percent. G equals 300 and T equals 200. Find the equation for the IS curve (hint: use the formula for equilibrium Y = C + I + G and t..
Do the utility maximizing amounts of X1 and X2 change if P1 increases to 5 while P2 stays constant at 5? Why or why not? Do the utility maximizing amounts of x1 and x2 change if P2 increases to 9 while P1 stays constant at 4? Why or why not? For a ..
supply curve is applicable to a nation's economy. Create appropriate diagrams to assist in answering the following questions:
No one can predict a natural disaster or world crisis. When a hurricane or flood or a pandemic strikes a country, who is most likely to respond first Which economic system is the best solution to handling a crisis of epic proportion
The government decides to tax cookbooks because they feel that they encourage overeating and can lead to health issues, such as obesity and heart disease. Answer the following: What type of tax is this. What happens to the supply of cookbooks. What..
Money must have material backing to have value. Justify your response. Take a stand on whether or not it would be easier for the Federal Reserve to expand the supply of money in a period of prosperity versus in a period of recession.
Calculate Joe's Marginal Revenue Product for Labor (MRPL). What is Joe's optimal level of L if w=$22.75? Why?
What does gross domestic product (GDP) tell us? How did GDP change from 2008? What caused these changes? What is real GDP? What was real GDP in 2008 and has it changed since 2008?
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