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Suppose the federal government has balanced budgets each year and the entire national debt comes due. How could the federal government pay off the national debt without refinancing, raising taxes, or printing money?
In the McFadden Company, the relationship among output (Q) and the number of hours of skilled labor (S) and unskilled labor (U) is The hourly wage of skilled labor is $10 and the hourly wage of unskilled labor is $5. The firm can hire as much labor a..
Explain what could happen in the future with each of these trends below and come up with three(3) more trends not listed and do the same analysis for your three additions.
Case study any global economic event or events currently or recently covered in the news media and write a critical essay applying the concept points
Explain how country A with comparative advantage in boot making and country B with comparative advantage in wine making can gain from trade with each other. Include in your explanation from where the gains are coming.
A firm is expected to earn $100,000 per year forever. If the annual discount rate is 10 percent, what is the present value of the firm?
Suppose that as the economic recovery strengthened consumer expectations of annual inflation increased from 2% to 3.5 % and, at the same time, the expected real rate of return required to equate investor demand to the existing supply of 1 year Treasu..
The national accounts treat all government purchases of goods and services, G, as part of real GDP. But suppose that the public services derived from government purchases are an input to private production, say: Y = F
Through the Vietnam War period, universities and colleges were overflowing with students. Was this bumper crop of students caused by a greater expected return on a college education or by a change in the opportunity cost of attending college? Describ..
comparative advantage can explain why people pursue different occupations. it can also explain why countries produce
According to the textbook, Bill Clinton re-defined welfare by creating the Temporary Assistance for Needy Families (TANF) program. TANF's key feature was its temporary nature. Conclude whether or not welfare assistance has become temporary. Provide e..
If the firm's goal is to maximize the efficiency of its labor expenditures, which of the three hourly salary rates should it use: $26 per hour, $36 per hour, or $49 per hour? By contrast, which salary maximizes the productivity of the car dealer's wo..
as the fund manager for a large mutual fund you are preparing for a conference call with all your major investors.
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