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Consider the effect of choosing consumption today versus consumption in the future. Using the PPC as a springboard for your analysis, what effect would forgoing consumption today in order to invest for tomorrow have on future production possibilities? Now consider the choices our government faces when it has limited tax revenues to fund the unlimited wants of its citizens. Describe some of the choices the government makes between consumption today and investment for tomorrow.
Assume that a borrower and a lender agree on the nominal interest rate to be paid on a loan.
Evaluate both the advocates' position and the critics' position. Determine which position you support and defend your position through your research findings. Cite a minimum of 3 peer-reviewed sources not including your textbook.
What is the purpose of including the IP header and the first 8 bytes of data- gram data in the error-reporting ICMP messages?
Explain the difference between poverty and income inequality. To what extent is poverty culturally relative? How is absolute poverty currently defined?
Assume that the banking system is loaned up and that any open-market purchase by the Fed directly increases reserves in the banks. If the required reserve ratio is 0.2, by how much could the money supply expand if the Fed purchased $2 billion wort..
q1. suppose police become more efficient and we hire fewer police officers. what will happen to gdp?q2. assume a
"If every employer hired its best qualified applicants for a job at every opportunity, the phenomenon of black poverty (as distinct from poverty) could be wiped out in ten years." Do you agree/disagree? Comment.
Production possibilities tables for China and the United States. Assume that before specialization and trade the optimal producer mix for China is alternative B and for the United States is Alternative U.
What is the current macroeconomic situation in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time?
If market supply is given by p = q/8 , what is consumer surplus at the competitive equilibrium?
Describe the important difference between the average propensity to consume (APC) and the marginal propensity to consume (MPC).
Assume a Nissan dealer in the U.S. bought 30 Maximas directly from Japan at a cost of $20,000 per car in the fall of 2002. By December 31, 2002.
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