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The American Recovery and Reinvestment Act of 2009 (ARRA) was passed by President Obama and Congress in response to the recession of 2007-2009. The primary components of this bill included tax cuts and increased government spending, with an emphasis on infrastructure spending such as roads and bridges. Included in the bill was a "Buy American" provision which required all manufactured goods (a few exceptions did apply) purchased with ARRA funds to be made in the United States. The intention of this provision was to increase jobs in the United States by preventing foreign companies from reaping the rewards of the new spending projects.a. Are attempts to protect U.S. firms from foreign competition, such as the Buy American provision, good ideas? Explain.b. Explain why some American companies might be opposed to this provision.c. Explain whether or not you believe the Buy American provision would create jobs in the United States.d. What do you think will be the economic consequences of a Buy American provision?e. Do you believe the government should get involved in this aspect of private business, even when the available funds are coming from the government? If so, why? If not, why not?
expectations of the business community are increasing into areas beyond the core product or service into consideration
You decide to purchase a new home and need a $200,000 mortgage. The interest rate is 4%. What is the yearly payment to the bank.
the standard product of labor is 6 flutes per day also the marginal product of labor is 8 flutes per day.
A risk-neutral, price-taking firm must set output before it knows the market price. There is a 50 percent chance the market demand curve will be Qd = 10 - 2P and a 50 percent chance it will be Qd = 20 - 2P. The market supply cur–e is estimated to be ..
The following events occur in the market for good B, which is a normal good: Identify the impact of the event to the equilibrium price and quantity of each event.
Major soft drink companies have begun to phase out their previous system of marketing their product through independent bottlers and moved toward company-owned distribution systems. One issue is the coordination of pricing and marketing in the two ty..
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Write a paragraph explaining each concept as if you were writing for your 15-year-old sibling - Fiscal Policy and the Multiplier Effect
the first automobiles were built in 1901, they were manufactured by skilled workers using hand tools. Later, in 1913, Henry Ford introduced the moving assembly line, which lowered costs and speeded production.
Become an advocate for either the consumer or the industry. Prepare an argument explaining the major reasons why you support either the consumer or the industry.
Explain why the operations of Copper Kettle Catering conducive to the application of lean concepts and practices.
Suppose that the developing countries like China and India start promoting consumption, and as a result there is sudden decline in world savings. What happens to the investment in a small open economy like Singapore? What happens to the trade balance..
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