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The state of California has a chronic budget deficit. In 2009 and 2010 the state has raised taxes and fees and cut spending, which slowed the economic expansion in this state. The state government is doing this despite the bad economic impact because: (a) it has a balanced-budget requirement. (b) it has automatic destabilizers. (c) a progressive tax policy that calls for higher taxes each year. (d) it had to balance out the Federal tax cuts and increased spending.
Right now the United States has some of the lowest interest rates in the world. This would: (a) cause the USD to appreciate more foreign investors buy dollars to loan money in the United States because of low interest rates. (b) cause the USD to depreciate as fewer foreign investors buy dollars to loan money in the United States because of low interest rates. (c) not affect the value of the USD because interest rates are set by the supply and demand for dollars in the United States, while exchange rates are set by the supply and demand for dollars in the Rest of the World. (d) cause interest rates to go up since what goes down must come up.
Trade/Opportunity Cost: Pat and Kris are roommates. Outside of the time they spend studying, they spend time doing some of their favorite activities: making pizza and brewing root beer. What is each roommate’s opportunity cost of making a pizza? Who ..
How do you as a business leader utilize 'Measurements of Economic Growth and Development' in order to assist you with making long term decisions?
explain why a rise in the price of gasoline is likely to have more of an effect on consumers than a rise in the price of strawberry milk shakes.
What is the present value of $2,500 received in years 3 and 6, $2,000 inyears 7 through 10 with an interest rate of 10% compounded annually? What is the annual equivalent payment in problem 1a over 10 years?
Write a response paper about the following discussion. I would have to say consumption. According to the BEA, there was a 2.4% increase in real GDP from 2014 to 2015.
Suppose you make $500 monthly deposits into a tax-deferred retirement plan that pays interest at a rate of 10% per year compound quarterly. Suppose that money deposited during a quarter will not earn any interest. What is the balance at the end of 20..
Consider the market for aluminum. The Aluminum Company of America (Alcoa) used to control all U.S. sources of bauxite, a key ingredient in the production of aluminum. Given that Alcoa did not sell bauxite to any other companies, Alcoa was a monopolis..
Ambassador Automobiles (AA) is not sure of their order of 100 units to Diversitek (D). Based on the market research, there is only a 35% chance that AA purchases the order of 100 units of SS from D and a 65% chance that AA purchases the order of 50 u..
Find the Nash equilibrium of this Bertrand game and find the equilibrium output and profit for each firm.
Show graphically and explain how increasing the depreciation rate affects the bundle of capital and labor that a firm chooses for production.
Write a 3 pages with details on diversity on business in japan. with 5 updated references 2006 to 2015
What does it mean for a good to be non-excludable in theory one may worry that such a problem could completely shut down private markets. How did we deal with that in designing a private environment for the public goods case so that this doesn't happ..
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