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Your author claims that the U.S. economy can increase its real output (grow) by:(1) increasing its inputs of resources and (2) by increasing the productivity of those resources. Briefly explain how the U.S. might be able to increase both.
This year is expected to be a great one for selling walking shoes in Georgia. At very low prices, only the most efficient shoemakers are able to sell. There are two shoe producers that operate with the most cost-effective equipment and skilled person..
To build trust among virtual team members, managers should Deep-six the egos
Assume the economy has flexible exchange rates and perfect capital mobility. Use the IS-LM-UIP diagram to show the changes in output, the interest rate, the nominal exchange rate, and the trade balance,
Which of the following was an example of a New Deal program?
“Turns Ideas Into Actions” is one of the business principals that helps business to grow with fast pace and better management. Break this principal into subtopics with at least a paragraph on each subtopic with proper examples. You can use the refere..
Suppose the production function for oranges is Q = k^1/3 L^1/3. Suppose the production function for pasta is Q = 4kl. What is the long-run optimal input combination when Q = 16 , r = 4, and w = 36 ? Does this cost function have increasing or decreasi..
Let the inverse demand curve for a monopolist's product be P = 100 – 2Q and the cost of production are C = 10Q. Find the optimal price and output if the monopolist uses a uniform pricing strategy. Compute the consumer surplus, the firm’s profits and ..
Illustrate what is the equilibrium price of tickets to the event. Calculate the price elasticity of demand at the equilibrium price.
Consider that the current U.S. economic system is replaced with a system where everyone is paid exactly the same salary. Assume that each family would receive an equal share of GDP. Would you personally favor this system? Explain. What problems would..
What are the distinguishing characteristics of public goods? Give two examples of a public good. Why are public goods difficult for markets to allocate efficiently?
How can fiscal policy be used to get the economy out of the situation where the economy is in an expansionary period where we exceed long run potential? Does both situations(recession and expansionary period) result on different impacts on inflation?..
The banking system currently has $20 billion of reserves, none of which are excess. People hold only deposits and no currency and the reserve requirement is 10%. If the Fed raises the reserve requirement to 16% and at the same time buys $10 billion o..
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