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-An academic economist from UC Berkeley told a congressional committee that if the United States doubled its real GDP, it would be a much less livable society than it is today. Explain this view.
-The expanding "underground" economy creates problems for economic policy makers. Explain.
-What is the difference between government purchases of goods and services and government transfer payments? Give at least three examples of each. Can you think of any purchase or payment that skirts the boundary between the two?
In 2009, the US Postal Service increased first-class postage rates from 42 cents to 44 cents. The service had been losing money. One of the reasons is increased competition from companies such as United Parcel Service
Steel is labor intensive and rice is land intensive. According to the long run Heckscher-Ohlin model what happens when these two countries move frome no trade to free trade? Wages in France's rice industry? Wages in France's steel industry? The pr..
How may you apply what you learned about supply and demand from the simulation to your workplace or your understanding of a real-world product with which you are familiar?
The State of Glottamora has $100 million remaining in the budget for the current year. One alternative is to give Glottamora a one-time tax rebate. Alternatively, two proposals have been made for state expenditures of these funds.
On the text Web site http://www.pearsonhighered.com/stock_watsont you will find a data file CPSOS that contains an extended version of the data set used in 'Bible 3.1 for 2008.
In benchmarking sales representatives against one another, what problems arise from continuing to reassign the above-average trade representatives to previously unproductive sales territories?
Explain why are there significant disparities in the cost of living throughout the US.
Describe three problems of using fiscal policy to achieve a precise level of GDP and why is frictional unemployment inevitable in an economy characterised by imperfect job information and non-zero job-search time?
Discuss wage determination in a labor market in which workers are unorganized and many firms actively compete for the services of labor.
You must think an idea to be developed as a business. Please, write a short paragraph explaining what your idea is all about.
Explain the difference between a short run Phillips curve and a long run Phillips curve with an example
A certain equipment cost £9,500,000. It is depreciated by the equal installment method. After 3 years, its book value is £5,600,000.
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