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Some large hardware stores, such as Home Depot, boast of carrying as many as 20,000 different products in each store.
1.) What motivated the producers of those individual products to make them and offer them for sale?
2.) How did the producers decide on the best combinations of resources to use?
3.) Who made those resources available, and why?
4.) Who decides whether these particular hardware products should continue to be produced and offered for sale?
The accelerator principle states a higher growth rate of real GDP results in higher planned spending. Will this lead to more volatile investment relative to consumer spending?
Evaluate why policymakers face a short-run trade-off between inflation and unemployment.
Elucidate how did it manifest itself. If the person received counter conditioning to correct the condition, Illustrate what were the results
Consider the Robinson Crusoe Economy in the Post-Walras Arrival Age. Robinson’s utility function over yams (y) and leisure (l) is U ( y , l )= √2 y +l . Robinson’s endowment of time is L. The production function for yams is y = h where h is the amoun..
A local union had a long standing practice of accepting only new members who were sponsored by existing members of the union. All of the existing members were white. The Union strongly denied any intent to discriminate and stated that most of the 30 ..
Why is there unemployment even when the economy is at "full employment"? What are some "costs of unemployment"? Is the CPI a biased measure of the inflation rate? Explain your answer.
The CBO in 2003 and 2013 used dynamic scoring models to evaluate short-run and long-run consequences of Bush tax cuts and stimulus spending of the recent recession. Explain the findings or conclusions the CBO arrived at?
If you borrowed $24,000 today and you have to pay them back in five equal payments over 10 years (one payment every 2 years). With 8% interest rate compounded annually, what is the amount of each payment? (C=?)
How much would have to be deposited in a bank paying 5% interest in order to be able to withdraw $1,000 the first year and payments increasing by $200.
Which of the following options (alone or in combination) would you recommend that the Congress and the President pursue to reduce our projected Federal deficits and debt and why. Dramatically cut military spending. Raise taxes significantly on the we..
Intel’s profit increases. the price of a share of its stock doesn’t change and the dividend doesn’t change. as a result, Intel’s PE ratio__________ and Intel’s dividend yield_________.
A small consulting firm is only interested in hiring College graduates (denoted by S), but it does not know how many it should hire in order to be profit maximizing. Assume there is a competitive wage of $20 per hour and the production function is F(..
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