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1. Is gross domestic product an accurate measure of the standard of living? Why or why not?
2. Describe the effect on GDP, unemployment, and inflation of each of the following:
(a) war, (b) elimination of environmental regulations, and (c) cuts in welfare benefits.
3. Do you believe in the trickle-down philosophy?
4. Consider other proposals to replace the federal income tax structure with a flat tax structure or a national sales tax. How would these alternative tax proposals affect income distribution?
5. What type of tax structure is the "fairest." What, if any, alternative tax structure would you propose to replace the federal income tax?
This was the famousHundred Days of the New Deal. the days in which, half by design, half by accident, the foundation was laid for a new pattern of government relationship to the private economy, a pattern that was to spell a major change.
Research unemployment and inflation. Use your course materials and the Internet for your research. Use the following to guide your research: Examine articles discussing unemployment and inflation rates within the last 12 months.
Explain how much is the market paying per share for growth opportunities. Exzplain what is your expected one-year holding period return on HP stock.
Solve for equilibrium output. Illustrate the equilibrium in the ISLM diagram. What is the value of the multiplier Now let investment depend on both sales and the interest rate: I=b0+b1Y-b2i b. Solve for the equilibrium output (assume c1+b1
Discuss the specifics of any cases/examples you use and the implications of same on local citizens of that country.
Suppose you are Chief Economist of the FCC. The Chairman has called you in to discuss a thorny issue. Two wireless broadcasters operate on adjacent frequencies.
Assume x and y are the only two goods a person consumes. If after a rise in p x , the quantity demanded of y decreases, one could say
Discuss the distinction between spontaneous and designed order.Needs to be 1000 word essay relating to institutional economics. Drawing on readings from Coase, Williamson, Easterly and Henry and Miller.
A popular magazine reports that wrist watches are becoming the highest fashion craze. What affect will this have on the demand for watches, and what will happen to the price and quantity of watches sold on the market
ou bought the bond for $1,040, after 6 months you received a coupon of $35 and after another 6 months you received another $35 coupon and you sold the bond for $1,070.
where si is the market shares of the i-th firm in the industry. The Herfindahl index for A is 100. The Herfindahl index for A is 3,800. The Herfindahl index for B is 3,600 The Herfindahl index for A is greater than for B. The Herfindahl index is ..
Calculate the book price and quantity effects of the local 8% sales tax. With perfectly elastic demand, who pays the economic burden of such a tax?
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