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1. As an economist, discuss the trade- offs of debt? (Pros and cons)
2. How is the court system used to deal with debtors and how does this impact jails and incarceration rates?
3. Weigh the cost of incarceration for debt to society. Discuss in a detailed paragraph
Imagine that a presidential candidate wants to replace all federal income taxes with a federal sales tax. Assume that the proposed sales tax rate can, and will, be set at a level that guarantees the new sales tax will generate exactly the same amount..
The changes in the macroeconomic indicators affect the economic decisions of the 3 economic agents (household, firms, and government). Assume you are a business owner (manager). How do you use macroeconomic indicators in your business plan and strate..
Statistics has become a valuable tool for auditors, especially where large inventories are involved. It would be costly and time consuming
If the price of elasticity of demand for football tickets is estimated to be 2.8, then a 5 percent increase in football ticket prices would be expected to cause a:
During the working life, how do you graph that without knowing more information.
(a) What will be the combined output of the two firms? (b) What will be the profit earned by each firm?
With this information in mind, what type of network do you recommend? Discuss the advantages and disadvantages of what you recommend.
You now should realize how important it is for economists to try and predict future conditions of the U.S. economy. Economists are also interested in the performance of the economy at a more local level. Discuss how local and national forecasts play ..
If a firm uses 14,000 kWh/month, what is its average and marginal cost? (Answer: average cost is $0.111/kWh)
Solve for the Elastic demnd and derive the appropriate classification for this hypothetical product: (Show your work step-by-step to receive full credit)
The price elasticity for rice is estimated to be -0.4 and the income elasticity is 0.8. At a price of $0.40 per pound and a per capita income of $20,000, the demand for rice is 50 million tons per year. If per capita income increases to $20,500, what..
Let X1, . . . , Xn be independent Gamma(2, ?) random variables. The goal is to test H0 : ? = 2 versus H1 : ? not equal to 2.
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