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As a member of NATO, the U.S. agrees to help defend any member country that is attacked by a non-member country. During the Cold War, the primary threat to NATO was perceived to be the former Soviet Union. Accordingly, in order to make its commitment to NATO credible, rather than station all its troops in relatively safe areas, the U.S. chose to station many of its troops close to the borders of Soviet-friendly countries. How does this make the U.S. commitment to NATO credible?
Governor Brown, from the state of Taxafornia, wants to increase sales taxes to bring in badly needed revenue to support state operations. He is looking at taxing various goods and services. Will the state tax revenue be great..
Suppose each cake costs the same to make, what is the average cost to produce a cake. Compute Alyssa's labor productivity ration in dollars per hour for each type of cake.
A coin was flipped 60 times and came up heads 36 times. Suppose you test whether the proportion of heads is greater than 0.50 at a 10% level of significance. What is your conclusion?
The government finances its purchases through lump-sum taxes on consumers, where T denotes total taxes, and the government budget is balanced every period, so that G = T. The solution for steady state capital per worker k.
One of the leading laptop manufacturers has estimated the following demand equation based on the data from its 50 branch offices and dealerships across the country: Q = + 10,000 - 60P + 300A + 50 c P - 100 C A +50 I
Draw a demand and supply graph for tortilla market and use itshow the effect on this market of an increase in the price of corn.Once again, be sure to indicate the equilibrium price and quantitybefore and after the increase in the demand for the e..
Explain why do economists include only final goods in measuring GDP for a particular year and why dont they include the value of stocks and bonds sold?
Suppose a consumer has the utility function u(x;y) = xy1/2. Suppose the prices and income are given as Px = $2;Py = $3; I=$900:
Explain how the factor changed since the recession began in December 2007 and under aggregate supply discuss institutional changes that alter the efficiency of resources.
The size of the worker force in a community these folks are gainfully employed What is the unemployment rate.
One of the major issues in macroeconomics is disagreement in the debate over policy activism versus policy rules. Illustrate what exactly is that disagreement.
When does a recession begin and when does it end and the dating of a business cycle is done by the Business Cycle Dating Committee of the National Bureau of Economic Research
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