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Explain why high import tariffs on imported goods do not help lower domestic unemployment in the long run. There are two separate answers and they are both in the book. Reason one: Reason two:
Currently the U.S. national debt is over $17 Trillion. Many people feel the high level of the national debt is a very bad thing and it should be paid off. a. List and explain 3 advantages and 3 disadvantages of eliminating the national debt?
What are the benefits and drawbacks of having a health program that varies by state versus having one that is uniform across the country? Do you find that the positives of state flexibility outweigh the negative or vice versa?
Compare he rates of core and headline inflation for the most recent months and the past year
A situation in which the Fed holds interest rates constant (at a low level) in order to increase the effectiveness of fiscal stimulus is known as ___________.
Suppose the U.S. president is attempting to decide whether the federal government should spend more on research to find a cure for lung cancer. He asks you, one of his economic advisors, to prepare a report discussing the relevant factors he should c..
Examine the major effects that government policies have on production and employment. Predict the potential effects that government policies could have on a low-calorie, frozen microwaveable food company.
An automobile factory sold $10,000,000 in automobiles to final consumers. Given these events, calculate the GDP of Autoland using a. the final goods approach. b. the value-added approach.
HI5003 Economics for Business. Australian Budget in May for 2014. Discuss the various aspects of expenditure and revenue in the budget. Comment on various stakeholders' reaction to this budget like Businesses, Consumers, Employees, Social welfare..
Net domestic product (NDP) typically only accounts for depreciation of physical capital. However, there are three broad types of capital: physical, human, and natural. Should depreciation of the other two types of capital also be counted? Explain, pr..
Describe the equilibrium price and sales of X. Let PY = $10. Determine whether X and Y are substitutes or complements.
Movie theaters often charge different ticket prices for different times of shows; so is the movie theatre a monopoly that practices discrimination? What about the concession stand inside the theater?
The deadweight loss from a tax is equal to one half of: A. tax revenue multiplied by consumer surplus B. producer surplus multiplied by consumer surplus C. the decrease in quantity sold multiplied by the tax revenue D. the amount of the tax multiplie..
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