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Describe what economists mean when they say government purchases are 'exhaustive' expenditures whereas government transfer payments are 'nonexhaustive' expenditures. Give an example of a government purchase and a government transfer payment with explanations.
Explain how would you estimate additional dollar cost of adding sales people? How is the expected net revenue generated by adding.
Evaluate the assumptions and conclusions of Arrow's Impossibility Theorem and provide an assessment of both the result and its implications for social decision making
Illustrate what happened to employment during the rest of 2008. What are some of the alternatives to a tax cut that might have been used.
The law of comparative advantage recommends that countries specialize in those products in which they have a comparative advantage, not an absolute advantage.
Most of the critics argue that America has too many elections, a surplus of elected officials, and unwieldy layers of government.
Illustrate what do you think would be the effect of increases/decreases in the dollar's exchange value on the firm's profitability.
Which of the following items are included in the calculation of GNP in the UK, and which are excluded?
Suppose the level of autonomous expenditure, which we could call A, rises by AA. What is the effect on the level of equilibrium national income?
Of the total liabilities, $190 million were deemed to be financing liabilities. Make a reformulated balance sheet that distinguishes items involved in operations those involved in financing activities.
D&Z Dry Foods Distributions specializes in the whole distribution of dry goods, such as rice and dry beans. The firm's manager is concerned about an article he read in the morning's Wall Street Journal
Assume if the inflation rate is 5percent is this still acceptable. Provide quantitative justification for your answer.
Your company is considering an investment project that will generate after-tax cash flows of $1,000 per year for the next three years (and then be scrapped, with no salvage value).
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