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The Bankrupting of America Fact: America's national debt stands at $17 trillion. That's a tough number to grasp. Most people will never come close to making $1 million in any given year. How can we understand the magnitude of the hole our country is in? Well, imagine you owed your credit card company $200,000. Answer the following questions:
1. How much is the current debt?What is the impact of total government spending during the pandemic on current debt? Is government spending on the pandemic fiscal or monetary policy?
2. Give 2 reasons why you think government spending for the pandemic is fiscal or monetary policy.
The course readings define marketing as "the activity, set of institutions, and process for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large." What were your preconce..
Assume that the demand for a product X is heavily influenced by the price of another product Y (Py), and the income of consumers (I). The cross-price elasticity of X with respect to Y is exy = 1.25, and the income elasticity is eI = 2. Suppose now Py..
Wheat is produced according to the production function: q = 100K^0.5H^0.5 Where q = quantity of wheat produced; K = capital input; H = labour input
What is the mechanism in the economic system that guarantees the saving of the economy will always equal the investment of the economy? You may assume a closed economy in answering the question.
An apparel manufacturing plant has estimated the variable cost to be $4.50 per unit. Fixed costs are $500,000 per year. Forty percent of its business is with one preferred customer and the customer is charged at cost. If 150,000 total units are sold ..
Suppose we have a game G with an epistemic background such that (1) every player has beliefs consistent with knowledge, (2) every player is rational and (3) every player knows the type of every other player. Then such a game has a Nash Equilibrium.
Which of the following can occur as a result of advertising in a monopolistically competitive market? Check all that apply.
Provide your evaluation of Tesla's current sustainability practices and reputationHigher purpose/ DNA / Mission/Values/ Ethics/CSR profile for each company.
How does the placement of resources around the world impact countries on an economic and political level?
What are some of the reasons the United States has run up such huge deficits on its trade balance (we import much more than we export)?
Suppose the demand curve for QD = 500 - p, and the marginal revenuue function is MR = 500 - 2Q. The monopolist has a constant marginal and averge total cost of $50 per unit. Find the monopolist profit-maxmizing output and price. Calculate the monopol..
What policy rule do monetarists believe the Fed should follow? What are the major assumptions underlying this policy prescription? What average annual inflation rate would a monetarist expect if the Fed maintained a growth rate of M2 = 10% per year f..
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