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In a closed economy an increase of one unit in government spending leads to an increase of one unit in equilibrium output. TRUE or FALSE? Explain your answer
A Wartburg engineering student has been out of school and working for a few years when they decide to buy a house that costs $233,000. They intend to pay a down payment of 20% and finance the rest at 5.75% per year compounded monthly on a 30-year mor..
What are the quality points that you would check for a spread of appetizers?
Use one of the real-world example (for example, the trade war with China) to elaborate.
Suppose the county government has the choice to invest in a public library or a basketball court. It can't invest in both. A public library is very expensive to build and maintain, but it will serve the county for 20 years. The present value of the n..
When calculating the total social marginal benefit of providing an additional unit of a pure public good, why is correct to simply add up the marginal benefit to each household of that public good?
A manufacturing plant has the capacity to produce 1,000,000 widgets per year. Each sells for $20. The variable cost to produce each widget is $5 per widget. Annual operating costs are fixed regardless of production volume, and are $2,000,000 per year..
What is the compound amount factor of single payment? (Use graphs and equations) If you have $2,000 now and invested it at 10% interest compound annually, how much would it be worth in eight years?
Brand X contains 20, 2 and 1 units of the minerals, while Brand Y contains 4, 1, 2 units of the minerals respectively. Brand X costs $18 per kg while Brand Y costs 6 per kg.
Consider the following information for a different country: East Caledonia. In a position of External Balance? Calculate East Caledonia’s current level of Net Unilateral Transfers (net UT). Calculate East Caledonia’s current level of Net Exports of g..
During the age of absolutism. How absolute was absolutism? In what ways does royal architecture reflect the ideas of the Divine Right of Kings?
Why are the negative externalities associated with the Barclays Center, which opened in 2012 in Brooklyn, likely to be greater than the negative externalities associated with the Staples Center in Los Angeles, which opened in 1999? Carefully explain ..
The annual rate of inflation average 2 percent during the past decade, but borrower and lenders anticipation that the price level will rise at the rate of 3 percent next year. The current nominal interest rate is 7 percent. What is the real rate of i..
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