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Consider the difference between empirical scientific evidence and anecdotal evidence. Explain which is considered more useful to the study of public policy and state why. Provide appropriate examples and support for your rationale.
Briefly explain the characteristics (or properties) of equilibrium in the Cournot Model and the assumption under which it is achieved.
You think that you need $60,000/year to live on when you retire. Assuming an annual inflation of 3.4%, how much would you need in actual dollars per year 40 years from now to have the same purchasing capability?
What are the components of aggregate expenditure. What determines the slope of the aggregate expenditure line.
Why tax multiplier is smaller than the multiplier for the same amount of government spending? Please explain with the following data: $1 million tax cuts, $1 million increase in government spending, MPC=0.75.
Discuss the conditions that will help the union achieve the objective. Why might a union be unable to meet its goal?
Assume the total population is 180 million and there are 1 million discouraged workers, 9 million unemployed workers, 20 million part-time workers and 121 million workers employed full time. The unemployment rate is: 5 percent 6 percent 6.4 percent 7..
Describe the many ways the government affects economic activity. Explain the positive aspects of this government involvement. Now, explain the negative aspects of government involvement. Finally, describe to what extent you believe the government sho..
Consider the model of innovation and technology diffusion with two countries: Analyze graphically the effect of a reduction in the proportion of labour employed in the research sector in the follower country on the technology ratio and on the rate of..
You will explain monetary policies as they relate to the business environment. What is the effect of the extended period of low interest rates in the US economy on: (a) banks taking deposits, (b) individuals saving for retirement, (c) cities and town..
Explain the difference between " Early retirement" and " Modified retirement" in canada. How will this minimize the problem associated with the aging population? Will it be effective ?
Using only.gov Websites report the current GDP, the current Federal deficit, the current Federal debt, the bottom line of the current (last) budget approved by Congress (surplus or shortage). Note that the fiscal year for the federal government is Oc..
Software developers at Acme systems, Inc., have developed an iPhone App that analyzes an individual’s golf swing. Should the developers attempt to de-bug the program completely or not? Use the basic principles of economics and a simple graph to suppo..
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