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What does the term, "financial accountability" mean in personal finance? What does it mean in government? How is financial accountability served by the accounting process?
Bill gets utility from consuming food (F) and clothing (C) represented by the following utility function: U(F,C) = FC + F. The price of food is $1 per unit and the price of clothing is $2 per unit. Bill’s income is $22. Graph Bill’s budget constraint..
Who is responsible for setting monetary policy in the United States. How is this group chosen?
A bonus package pays an employee $2000 at the end of the first year, $2500 at the end of the second year, and so on, for the first 10 years of employment. What is the present worth of the bonus package at 5% interest?
Prior to? 2008, mortgage lenders required a house inspection to assess its? value, and often used the same one or two inspection companies in the same geographical market. How does this illustrate a conflict of interest similar to the role that? cred..
A pair of lumberjacks can use a two-person saw to cut down 25 trees in a day. A single lumberjack using a two-person saw is unable to cut down any trees. Use the appropiate drawing tool to draw the isoquants for Q=50 trees per day and Q=100 trees per..
How might seemingly legitimate appearance requirements result in illegal discrimination? Explain. What should employers do to reduce the likelihood
How are market structures different and what are some examples of the different market structures?
A change in a firm's technology that decreases its production costs will result in:
Suppose the current price of gasoline at the pump is $4 per gallon and that one million gallons are sold per month in Texas. A local politician proposes to add a 10-cent tax to the price of a gallon of gasoline, and she claims that the tax will gener..
urrently a firm pays 10% of each employee’s salary into a retirement account, regardless of whether the employee also contributes to the account. Some people at the firm think this change will lead employees to save more and therefore to be able to a..
Would you expect expansionary fiscal policy to make interest rates in the economy higher, lower or unchanged? Sketch a diagram of the market for borrowing and lending in the economy to illustrate your answer. How will the affect on interest rates tha..
What trade-offs does the Federal Reserve consider when deciding how rapidly or how slowly to increase the U.S. money supply? What are the dangers of increasing the money supply too slowly? Too rapidly? What factors make it difficult to predict the gr..
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