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Problem
Using your favorite search engine, locate the federal budget and your state budget for the current fiscal year. Compare and contrast both budgets in an essay consisting of no less than 500 words, and include the following:
- Discuss the budgeting tools utilized by both government types.
- Discuss the impact of market inefficiencies on both government types.
- Discuss the use of rainy day funds by the state and whether or not something similar would work for the federal government. If you feel it would work for the federal government, please explain how you think it would work. If you do not think it will work, please explain your reasoning.
Suppose there are two states that do not trade: Iowa and Nebraska. Each state produces the same two goods: corn and wheat. For Iowa the opportunity cost of producing 1 bushel of wheat is 3 bushels of corn. For Nebraska the opportunity cost of prod..
Which fiscal policy choices are preferred, by an individual who prefers a small public sector (limited role for government), for solving inflationary and recessionary gaps?
What is the decision to be made, what is the chance event, and what is the consequence? Identify the alternatives for the decisions and the possible outcomes for the chance events?
Compare the automotive manufacturing industry today to the automotive manufacturing industry of the 1950's. Applying the economics of price and output, what is the difference between the industry of today and that of the 1950's.
Business has fallen off greatly at your upscale restaurant because of the economic crisis. List four things you can do to win back the loyalty of your past costumers.
In this exercise you will estimate the effect of oil prices on macroeconomic activity using monthly data on the Index of Industrial Production (IP) and the monthly measure of Ot described in given Exercise.
Evaluate the role and the effectiveness of the Federal Reserve in stabilizing the current economy. Determine which economic indicators the Federal Reserve should analyze so it can better stabilize this particular economy.
Write a paper about the economy of Mexico in the context of globalization. It should be properly footnoted, and it must follow a logical and consistent pattern. In writing this paper you are advised to follow one of the standard writing styles, e...
(a) What is market concentration and how can you know whether a market is concentrated or not (b) What are the causes of market concentration (c) Are business mergers good or bad for the economy Explain why
Explain the purpose of rent control and the intended effect on consumers and suppliers of rental property. Does rent control achieve its purpose Using the Internet or the Virtual Library, give some detail regarding real-world experiments in rent cont..
a. Using a relevant graph, explain how such fluctuations in investment would lead to fluctuations in real GDP and prices. b. Using another graph, explain a policy that can be implemented by the central bank when business people feel too good about ..
Explain how stable is the currency against the U.S. dollar? What are the projections for this country's expansion over the next 10 years?
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