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You are an economic adviser to a candidate for national office. She asks you for a summary of the economic consequences of a balanced-budget rule for the federal government and for your recommendation on whether she should support such a rule. How do you respond?
Estimate the opportunity cost of taking this class. Include direct expenditures such as tuition, books, and supplies, as well as indirect expenditures such as the value of the time spent in class. Don't forget to include the opportunity cost of ti..
When calculating GDP, describe the significance of each component in the expenditure approach How does GNP differ from GDP Is GDP a reliable economic indicator to predict the changes in the business cycle
Calculate the marginal revenue product for each add. unit of labor of output sell $3
Suppose that the assumption in key concept are satisfied. Show that X i is a valid instrument. That is, show that key concept 12.3 is satisfied with Z i = X i .
The market demand for a public good can be determined by A)adding up how much each consumer is willing to pay for each unit of the public good. B) Adding up how much each citizen expects to consume at each possible price C) Adding up the total pri..
Widgets R Us, which is a price-taking firm, is currently producing 250 units of output. The market price is $3 per unit, the marginal cost of the 250th unit is $2.75, average total cost is $3.50 per unit, and average variable cost is $2.50 per unit.?
If an absolute majority approve the plan, then they proceed according to the plan. If he fails to pass his proposal by an absolute majority, then P1 must walk the plank, and it becomes P2's turn to propose a distribution of the coins among the rem..
Let's take a closer look at ERP and CRM solutions. How do these type of solutions improve business efficiency and help meet some of the goals and objectives of using e-com to streamline business functions
Describe how three different global funds have used the concept of international portfolio diversification to successfully invest.
Illustrate what are the pros and cons of a company that competes in a global environment. How do you think this has affected the U. S. economy and the global economy.
Explain why marginal product first rises, then declines, and ultimately becomes negative. What bearing does the law of diminishing returns have on short-run costs? Be specific.
What do you think that Antitrust Department should punish Google for being a "monopolist". Did the author of the article think so.
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