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Respond to the following discussionnn post: Money does make the world go around, before there was money it was simply trading goods. However, the growing need of money within our fast growing society has often caused rifts due to greed and wanting power. When receiving benefits from the government I’m kind of stuck in the middle. I am almost a cross between both liberal and conservative’s views. I am all for helping those in need and do not mind the funding being pulled from my taxes. The problem I have with funding those in need is when those who are solely depending on the government and not actually trying to help themselves. When I say helping themselves, I feel as though they should be employed as well or in school, if capable, and free of illegal drug use, in other words they have to be responsible. Now the issues I have with conservatives they make it nearly impossible for some individuals or families to receive benefits from the government.
Suppose $1.69 = £1 in New York and $1.71 = £1 in London. How can foreign-exchange arbitragers profit from these exchange rates? Explain how foreign-exchange arbitrage results in the same dollar/pound exchange rate in New York and London. (£ represent..
An industry is a duopoly. Each firm produces an identical type of product and has identical long run average costs of $10 per unit. The market demand curve is Q=40-P. In this fake world, each firm can produce a non-integer quantity of product. If the..
Describe one weakness and one strength of the gold standard. Do you agree with Milton Friedman that any system of pegged exchange rates is not a satisfactory system for countries with independent political systems; or do you agree with Ronald McKinno..
Eddie's Precision machine shop is insured for $700,000. The present yearly insurance premium is $1.00 per $100 of coverage. A sprinkler system with an estimated life of 20 years and no salvage value can be installed for $20,000. what is the present w..
In addition categorize the level of elasticity of a product or service of your choice from real life depends on what you know happens to the percentage change in quantity demand when the price changes.
What is the probability that it will take a worker between 6 and 10 minutes to complete the task
In 2012, WVU president James Clements’ base salary was $775,000. The head football coach, Dana Holgorsen’s base salary was approximately $2.4 million. Why is the football coach paid so much more than the president? Should the head football coach be p..
Derive Chenyu's consumption function in terms of her annual income Y and initial wealth W according to the life-cycle model.
Suppose an economy is in long-run equilibrium. The central bank raises the money supply by 5 percent. Use your diagram to show what happens to output and the price level as the economy moves from the initial to the new short-run equilibrium. What cau..
What is the difference between real and nominal GDP? Does GDP accurately reflect the nation’s welfare? Why or why not? How can a country’s GDP be manipulated? In your opinion, is the U.S. GDP being manipulated? Explain your answer.
The Immediate lyric Division accused Microsoft of forcing consumers to buy Internet Explorer whenever they bought Windows
what single payment at the end of year 5 is equivalent to an equal annual series of payments of $800 beginning at the end of year 3 and ending at the end of year 12? The interest rate is 8% compounded annually
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