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When looking at our economy, you will find that government spending is very important to our overall output of our economy. What happens if the government is trying to stimulate the economy with their spending, but this leads to a greater output than projected. What are the implications of this over-spending?
Suppose a firm must pay an annual tax, which is a fixed sum, independent of whether it produces any output-How does this tax affect the firm's fixed, marginal, and average costs?
Using the following schedule, define the equilibrium price and quantity. Explain the situation at price of $10. What will occur? Discuss the situation at a price of $2. What will occur?
A large rear dump truck working in a coal mining operation under good conditions has a present purchase price, compute the estimated repair cost per operating hour.
Let's say there's a world-wide influenza pandemic. Assume that the marginal cost (supply) of influenza vaccinations is constant at $40. Assume that everyone in society has health insurance that pays 80% of all medical services
Illustrate what is the expected interest rate that will be charged by a bank that cannot exactly distinguish.
Explain why you would be more or less willing to buy a share of Apple Computers stock in the following situations:
What is the net effect on the money supply in the economy? Show your work. Assume instead that Sammy uses the $10,000 he receives to pay back a loan from Bad Boys Bank. $8,000 goes to repay the loan itself, and $2,000 represents his Interest payme..
Explain how does the Central Bank measure the money supply in the contary. Does the Central Bank have an interest rate policy.
Currently one argument against the continuation of state regulation of insurance and one argument.
Discuss the feasibility of lower middle or low income countries resorting to fiscal stimulus to stave off recessions in their own economies. You can use one or more countries as examples.
Find out the income elasticity of demand. Elucidate whether gas is a normal or inferior product.
How do you think each of the following affected the world price of oil? (Use demand and supply analysis.)
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