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Question: How to measure a country's economy. 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?
Require an example of the equitable doctrine of promissory estoppels, and describe why this example meets the requirements of promissory estoppels.
New technology has allowed oil to be pumped from much deeper offshore oil fields than before. For example, 28 deep ocean rigs operate in the deep waters.
Which of the following explains why big business typically spends more on rent-seeking activities than customers?
Explain how the incumbent's capacity choice might vary with the level of this fixed cost.
Use PWs to calculate the benefit/cost ratio at i = 5% for a highway project. The first cost is $150K, and O&M costs are $5K per year.
Find the equation for planned aggregate expenditure as a function of output and the real interest rate - Calculate the level of short-run equilibrium output at each inflation rate.
Explain the essence of antitrust; explain the essence of conservation regulation. Explain how antitrust conflicts with conservation.
What market structure do these firms operate in? Why did Microsoft need to preserve competitiveness in the industry? What was Microsoft afraid of in the event that Apple did not survive?
What (as a function of a and fJ ) are the profits of the first firm, the managers compensation, and the net profits (to the owner) of the second firm?
A local cable company, the sole provider of cable television service, is regulated by the municipal government. The owner of the company claims that she is normally opposed to regulation by government, but asserts that regulation is necessary beca..
Grocery workers are one of the essential workers in the time of COVID19 pandemic. One of the grocery workers are Costco workers.
Given what you know about the price elasticity of demand and addictive properties of crack, would you expect a sin tax that raises the price of crack by 15% to decrease the sale of crack by more than or less than 15%? Explain your answer.
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