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Welfare is a contentious topic in America, but it’s just part of the overall budget process. In essay form, explain how the federal budget is divided. Which of those categories fluctuates (give an example) and which is fixed? Within that fixed area, identify by name the term given the U.S. federal expenditures mandated by law, providing an example. Finally, what would be considered traditional ‘welfare’ spending, (give an example), and whether cutting those programs would be an answer to America’s budget crisis.
College-logo t-shirts priced at $15 sell at a rate of 25 per week, but when the book store marks them down to $10, it finds that it can sell 50 t-shirts peer week. what is the price elasticity of demand for the logo t-shirts?
Operations manager estimates assembly time required for first two units to be 10.4 hours and 8.3 hours, respectively. What is appropriate learning curve.
If a consumer is given a $10 gift certificate good only for items in store X, and all items in store X are normal goods, then the consumer desires to consume: Select one: a. more goods in store X. b. fewer goods in store X. c. the same amount of good..
If a monopolistic firm (price searcher) can sell 9 units at a price of $100 each but must reduce its price to $80 in order to sell 10 units, then Demand is inelastic and marginal revenue is negative. Marginal revenue is falling but is above price
What the recent inflation rate is as published by the bureau of labor statistics: What are the prospects for future inflation based on government estimates?
"Consider the following statement: "Employers should be able to replace permanent workers during a strike." Do you agree? Explain why."
illustrate what is the specific marketplace-failure justification for governing spending on public universities
An automated inspection system was purchased by Kal Tech Engineering Systems at a cost of $120,000 and was depreciated using the MACRS method. The system was sold after 4 years for $50,000. Determine the capital recovery on this equipment.
The incidence of a tax falls more heavily on
Consider a small open economy in the short run where the government decreases the tax rate. You own a hat company which sells both domestically and abroad. Therefore your total sales are a function of the exchange rate and total domestic consumption...
if the required reserve ratio is 10 percent, what is the monentary multiplier? if the monetary multiplier is 4, what is the required reserve ratio?
List the ways by which a party to a contract can cause a fraudulent misrepresentation to occur. Give an example for each way that you list. Identify the similarities and the differences between fraud, misrepresentation and mistake.
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