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Question
Describe how a country of your choice's economy is measured. Explain why it is desirable for a country to have a large GDP. Evaluate the impacts of stimulus checks on each of the components of the U.S. GDP. Identify something that would raise GDP and yet be undesirable?
Calculate the present value of net benefits for the dam. How big would the discount rate have to be to change your recommendation of the dam's approval?
When interest rates (IRs) decrease, how might businesses and consumers change their economic behavior? If there is a decline in the money growth, what might you expect to happen to real GDP (real output) and inflation rate?
Suppose the tax on liquor is increased so that the tax goes from being a "medium" tax to being a "large" tax. As a result, it is likely that:
The utility function of a consumer is u(x, y) = x0.5 + y0.5. What are the demand functions of good x and good y(that is, we derive the demand function from the maximization of the utility function). What is the price elasticity of demand of good y(i...
If the Federal Reserve intervenes in the foreign-exchange markets by selling foreign currencies
In 2013 and 2014, a federal judge ruled that Apple colluded with five major U.S. publishers to drive up the prices of e-books
1. A fund is to be donated by a wealthy man to provide annual scholarships to deserving students. The fund will grant P120,000 each year for the first 5 years,
If the profit-maximizing markup factor in a 3-firm Cournot oligopoly is 2, what is the corresponding market elasticity of demand?
Using the graph below, identify the different stages of the business cycle. Assume that A, B, and C represent consecutive years.
Suppose the average Social Security benefits in the nation are $14,000 per year. The number of Social Security pension recipients is currently 50 million. There are 150 million workers in the workforce this year and the average taxable wage per worke..
Suppose demand for a good is QD = 50 - P and supply is QS = -10 + P. How much is the producer surplus? How much is consumer surplus?
CompuGlobal is an American firm producing computers. CompuGlobal imports computer components from Japan and assembles them domestically.
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