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Question: Identify a solution that the business community appears to favor for the current annual budget deficit in the US. For example, in the area of health care, the business community may prefer a policy that permits more flexibility in determining levels of participation. Try to find an example of a private sector solution and briefly describe the kinds of policy preferences this would result in. And answer the question - why does government oppose this?
A large number of criticism have been levelled against the United States Federal Reserve System. Conduct a web search on the criticism about the system. do you agree with these reviews? Why or why not? What changes would you recommend to the sy..
The prisoner-of-war camp described by Radford in the text (Application Box 7.1) periodically received large shipments of cigarettes from the Red Cross or other sources. How did cigarette shipments affect the price level (the prices of goods in terms ..
Explain how dependency theorists incorporate Marx's views on economic development and also explain where they depart fundamentally from both Marx and Rostow.
What kind of market structure is the fast food industry and diamond industry? How do you know this to be true?
Presume that there is one manufacturer and one retailer. Final inverse demand is P(q) = 100-2q. Marginal cost of the manufacture is 10 and the retailer has a marginal retailing cost of 5 in addition to the wholesale price charged by the manufacturer...
Describe the sources of supply and demand in the market for loanable funds and the market for foreign currency exchange.
At what quantity does the marginal revenue equal marginal cost? What is price?
In the McFadden Company, the relationship among output (Q) and the number of hours of skilled labor (S) and unskilled labor (U) is The hourly wage of skilled labor is $10 and the hourly wage of unskilled labor is $5. The firm can hire as much labor a..
pollution is considered by most a negative externality. some economists would like to see the costs of these burdens
Why might you suspect that the economy might not be able to produce all the schools and beds it wants - What constraints are there on an economys production?
At what price is Minnie's total revenue maximized and over what price range is the demand for water elastic? Why will Minnie not produce a quantity.
Suppose nominal GDP in 2005 was $14 trillion, and in 2006 it was $15 trillion. The general price index in 2005 was 100, and in 2006 it was 103. Between 2005 and 2006, real GDP rose by what percent?
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