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Which do you think is a better expansionary fiscal approach for our current situation: cutting taxes or increase spending? Give the pros and cons of your stance.
For a sample of n=75, find the probability of a sample mean being greater than 220 if µ=219 and sigma s=3.7
When several people died because of poisoned capsules of Tylenol pain reliever, strict government regulations were enacted to control the packaging of retail pharmaceuticals. Would private markets have reached the same result?
Discuss the various ways inflation can hinder economic activity. What are some strategies you might use in your life to deal with rising inflation? How might these strategies change if we experienced deflation?
Suppose two countries, A and B, with the same production function Y = K? L 1?? . The value of ? is 0.30, the growth rate of population is 2% and the depreciation rate is 5%. Compare both economies to the Golden Rule.
What is the monthly interest rate? How much will Susan pay each month for 45 months? What effective interest rate is being charged?
If the demand curve is QD = 100 - 10P and there is a $1 price increase, then the elasticity of demand at P = 2 is 2. If the absolute value of a demand elasticity is less than 1, then
What rate of output maximizes profits? What is MR at the rate of output? What is price? If output is increased beyond that point, what is the relationship of MC to MR? How will this affect total profits?
If you were to quantify the length of the short run for this specific firm, how long do you think that time period might be?
Identify and discuss a benefit that NAFTA has produced fo the United Stateseconomy. What are the main economic and political arguments for regional economic integration? Do you think it is correct for the European Commission to restrict mergers betwe..
Suppose that the long-run world demand and supply elasticities of crude oil are -0.906 and 0.515, respectively. The current long-run equilibrium price is $30 per barrel and the equilibrium quantity is 16.88 billion barrels per year. Next, suppose the..
Talbots, after all, is excellent in merchandising fashionable women's clothing but failed in selling men's and kid's clothing.
A random sample of five jobs is taken. What is the probability that the printer operates properly more than three times?
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