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1. Determine the three major categories of revenues for the federal government?
2. Determine the three major categories of expenditures for the federal government?
3. Describe whether or not we should be concerned with net interest outlays and national debt.
4. What major concerns are there about the federal budget in the long run?
5. How would you, as president, recommend those concerns be dealt with?
Expalin why is private property, and the protection of property rights, so critical to the sucess of the market system.
hat is your expected utility without insurance? Suppose you can buy insurance that will cover the medical expenses but not the foregone part of your salary. How much is an actuarially fair policy, and what is your expected utility if you buy it?
Compute the income elasticity also elucidate how sale of the novels would change during a period of rising incomes.
Describe the extent to that you believe these three measures are related.
Illustrate what has been, also what will be, the short run and long run impact of the Federal fiscal policy which has been followed in the past few years.
The government imposes a fixed fee per year on each firm operating in a competitive market.
Social Dynamo Corporation earned profits last year of $49 million on sales of $500 million. During the same period, its major competitor - EIO Corp.- enjoyed sales of $490 million and earned profits of $52 million.
Illustrate what happens to the money supply, interest rates, and the economy in general if the Federal Reserve is a NET BUYER of government bonds.
Illustrate what phase of the business cycle is the United States currently in. Describe in detail. What is the latest GDP.
A large rear dump truck working in a coal mining operation under good conditions has a present purchase price, compute the estimated repair cost per operating hour.
Compute the micro decision of Roe versus Wade actually have played a role in reducing the rate of violent crime in the 1990s? Does anyone has an opinion on this issue.
Elucidate how cost-push inflation might prompt policymakers to take actions that subsequently cause demand-pull inflation.
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