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Discuss how a business manager (such as a general manager, production manager, or human resources manager) might use GDP statistics to determine the overall health of the economy and the impact on sales/demand for its product. Give an example
Suppose disposable income increases by $2,000. As a result, consumption increases by $1,500. Answer the following questions based on this information. Where appropriate, enter your answer as a decimal rather than as a percentage. The increase in savi..
If the Federal Reserve wants to keep aggregate demand (i.e. spending growth) stable, what will it do to the growth rate of money supply when a lot of good news comes out about the economy increase it, decrease it, or leave it unchanged? Explain your ..
The Riparian use doctrine. The “beneficial use” of water principle.
What is a duty that managers owe to the corporation? Discuss an example of a positive method that the manager may uphold that duty. Provide an example of an act or omission that depicts a manager violating the duty.
Use an example of a foreign currency and discuss how it has changed in price relative to the U.S. dollar over the last year. Discuss how exchange rates affect domestic economic activity. Include the supply and demand factors that moved the relative p..
Under a monopsony scenario explain why the marginal labor cost is above the supply curve (average labor cost). What is the nature of inefficiency or misallocation associated with monopsony power?
Explain how much consumer surplus exists in this market. If a $2.00 excise tax is levied on this good what will happen to equilibrium price and quantity.
If the United States were to impose additional tariffs on cars imported from Japan, what would happen to the price of Japanese cars sold in the United States? What would happen to the price of American cars? What action might Japan take to continue t..
The anticipated benefits of health insurance exchanges include all of the following except. More than half of the U.S. population is covered by employer group health insurance. One of the underlying reasons is that. Which of the following is not an e..
Explain why, in a perfectly competitive environment, a profit maximizing firm will increase its labor force up to the number of workers that equates the prevailing wage rate to the value of the marginal product of labor (the marginal revenue product ..
Suppose that the government collects $3 million in taxes, pays $2 million in Social Security benefits, pays $0.5 million in interest on the national debt, and pays workers $1 million to sit at their desks and work as little as possible. What is the g..
Calculate national income. if there were 80 million people in this country, what would the GDP per-capita be? if all prices were to double overnight, what would happen to the values of real and nominal GDP? nominal____ real gdp____
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