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Agreement and disagreement among economists Suppose that Alex, an economist from a university in Arizona, and Becky, an economist from a public television program, are arguing over government intervention. The following dialogue shows an excerpt from their debate: Becky: The usefulness of government intervention in the economy is a long-standing issue that economists continue to debate. Alex: I feel that government involvement in the economy should be reduced because government programs cause more harm than good. Becky: While I do agree that government programs can be inefficient, I really think they are necessary to help the less fortunate. The disagreement between these economists is most likely due todifferences in perception versus reality . Despite their differences, with which proposition are two economists chosen at random most likely to agree? Employers should not be restricted from outsourcing work to foreign nations. Business managers can raise profit more easily by reducing costs than by raising revenue. Central banks should focus more on maintaining low unemployment than on maintaining low inflation.
Which fiscal policies might activist Keynesian economists recommend helping a depressed economy regain full employment
Discuss the differences between formal and informal reports, can you describe what value such elements as documentation, page margins, headings, etc. add to the report?
Consider a country that produces shirts and autos. Shirts are produced with sewing machines (specific factor) and labor while autos are produced using robots (specific factor) and labor. Show how going to international trade affects the budget constr..
Sam is buying a refrigerator. He has two choices. A used one, at $475, should last him about three years. A new one, at $1250, would likely last eight years. Both have a scrap value of zero. The interest rate is 8 percent. (a) Which refrigerator has ..
Examine KANO Analysis of customer requirements also come up with some questions (also answers) concerning it.
What is the NPV break-even level of sales assuming a tax rate of 35%, a 10-year project life, and a discount rate of 12%? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
Suppose you and a classmate are playing a game where your classmate proposes a division of? $1.00. ? Then, you either accept or reject the offer. If you? accept, then you and the classmate get the proposed portions of the dollar. What is your optimal..
Which of the following are likely to increase the demand for heroin? Suppose that Jane Margolis is an addicted heroin user. Ceteris paribus, if the murder of some of the heroin dealers in town causes the price of heroin to rise, we would expect that ..
Consider an employee who is considering embezzling $10,000 from his employer. The worker is risk neutral and estimates that the likelihood of being caught is 1%. There are two possible punishment mechanisms available to the court- monetary punishment..
Calculate the magnitude of the consumer surplus and producer surplus in the pre-tax equilibrium. Calculate the tax revenue in the post-tax equilibrium. Calculate the change in consumer surplus due to the sales tax. Calculate the magnitude of deadweig..
Describe how the activities influenced your awareness and understanding of the interrelationship between business and society and describe how the readings and journalling activities influenced your views on workplace ethics and corporate social re..
In a particular industry, labor supply is ES = 6w - 4 and labor demand is ED = 52 ? 2w, where E is the level of employment and w is the hourly wage. What is the equilibrium wage and employment if the labor market is competitive? What is the unemploym..
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