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President at the University
A President at a University wants to reduce expenditures on fringe benefits (while maintaining the quality of faculty and staff). The President appointed a task force, which consists of faculty and staff from departments throughout the university. The task force has been asked to design a new fringe benefit package.
Does the President want to commit to accepting the committee (task force) report or would the President want to reserve the right to make modifications? Explain.
Recently, a troubled bank borrowed $800 million from the Federal Reserve. Describe the impact this event had on the monetary base.
Consider the Figure below that represents a perfectly competitive firm
In light of Ricardian model, how might you measure the claim by developing countries that they're at a disadvantage in trade
Describe the dimensions of quality from micro- and macro-perspectives. What are the different formats or models and applications of quality? Discuss the top three in your opinion.
Read the following text and answer the questions below: Discuss the limitations of this model as an explanation of the effects of government expenditure on GDP.
"If every employer hired its best qualified applicants for a job at every opportunity, the phenomenon of black poverty (as distinct from poverty) could be wiped out in ten years." Do you agree/disagree? Comment.
Imagine that the firm must choose one of three quality levels: z = 1; z=2; and z = 3. Which quality choice will maximize the firm's profit?
For each of the following concepts provide a definition, a complete explanation as to their significance, and a practical example.
According to the Heckscher-Ohlin theorem, is Russia capital abundant or labor abundant? Briefly explain. What is the impact of opening trade on the real wage in Russia? Briefly explain.
Evaluate: "The fact that some airplanes collide is evidence there is 'too little air traffic control'." (Be sure to explain what too little might mean.)
Suppose you're an economic advisor in charge of trying to raise a maximum level of tax revenue for the government. You consider taxing the suppliers in the market for corn, a major agricultural product in the United States.
Please evaluate the effect of the following scenario on the AD curve, AS curve, and accordingly the effect on equilibrium price level and equilibrium GDP/output.
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