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How do government expenditures affect GDP? How do taxes affect GDP? Why is there a difference? What are the implications of the difference? As appropriate use tools and concepts develop in this course.
a list 3 ways in which rents from quantitative restrictions can be allocated. in which case is the quantitative
How to solve this kind of question? When will the insertion be unsuccessful?
Define unemployment and describe the typical types of unemployment in a economy. Research and identify the types of unemployment in the chosen economy
Allowing free trade between countries can be beneficial, but it also imposes costs. Use the ITT Tech Virtual Library to research costs and benefits of allowing free trade. Discuss aspects of international trade that some may consider unfair.
Identify growth in output per capita and in population growth - Is it an open or closed economy and identify its comparative advantage and whether it is involved in trade.
Rover plus, a pet product store, is considering pricing a new RoverPlus labeled dog food. The company will buy the premium dog food from a company in Indiana that packs the product with a Rover Plus label.
The price of some stock today is $300. Assume that the stock's value in one year is a random variable X with the following probability distribution: P(x=400)=0.1; P(x=350)=0.4; P(x=300)=0.3; P(x=270)=0.2.
1. Explain how an attempt by the government to lower inflation could cause unemployment to increase in the short-run.
In a country with a market economy, the owners of firms (businesses) are, to use Gwartney, et. al.'s term, residual claimants. What are the implications of this particular characteristic of business owners? How do other citizens within the country..
1. What is price elasticity of demand? How is it measured? If the price elasticity is -3 and $300 is the marginal cost of product X, what should be the optimal sale price?
Output total variable total fixed Total cost ave.variable ave.fixed ave.total Marginal
1) Do discount borrowing and federal funds borrowing have the same effect on the monetarybase? Explain.
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