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A- Fiscal policies can work only if private enterprises respond to them in certain way; if they respond in other ways, the policies fail. Explain and give examples.
B- Can the government make things worse by intervening in markets? Are there other options outside the markets and government that will fix macroeconomic failure?
C- "Big government is always harmful to owners of private enterprises, while small government is always good for them." Explain, using examples, why you either agree or disagree with this quotation.
Describe briefly the reasons why the following transactions would or would not be included in GNP and compare and contrast stabilization policy recommendations of monetarists and activists.
Discuss and explain how exchange rates are determined using supply and demand. Provide some examples. Determine the current exchange rate of the United States to Japan, Canada, Germany, and Mexico currencies?
Assume you were given the following data for an economy without government spending, exports, or income. C is desired consumption, I is desired investment,
Elucidate why the U.S. would subsidize the short run cost of production for tobacco farmers in foreign countries.
Soft Selling occurs when a buyer is skeptical of the quality or usefulness of a product or service. For example suppose you're trying to sell a company a new accounting system that will reduce costs by 10%. Instead of asking for a price you offer ..
For any given demand curve for right to pollute, the government can achieve the same outcome either through setting a price with a corrective tax or through setting quantity with pollution permits.
discuss the different economic theories of Milton Friedman. Why was he important? Has he helped or hurt our economy? If he were alive today, what do you think he would suggest as an economic plan for our economy? Would he agree or disagree with th..
Illustrate what methods does Rakuten use to make it easy for a small or medium size business to use its shopping platform.
Assume there are two types of investments, business investments. There is a permanent increase in the nominal supply of money.
What is the difference between supply-side and demand-side economics? How do the above concepts fit into these definitions? Which do you agree with most as a solution to stimulating growth, and why?
Carmen opens a retail store. Her sales during 1st year are $600,000, of which $30,000 has not been collected at the year end. Her purchases are $400,000.
From the information in the following table, calculate the income elasticity of demand for this good if income increases from $10,000 to $20,000, and if income increases from $40,000 to $50,000.
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