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Remember the warm up activity in the first section of this unit? You were instructed to find an article that discusses the current state of the U.S. economy. Take this article (or one similar to it) and write a two- to three-paragraph summary of the article. In your summary, include any references to GDP or U.S. economic policy. Explain how these relate to what you have learned in this section. Also include an explanation of the writer’s opinion of the U.S. economy. Is it growing or declining? What evidence does the writer provide to support this opinion? Discuss how this article reflects what you have learned in this section. Be sure to include information regarding where you found the article (name of publication or website address) and the name of the author of the article as well as the date of the article.
State the effect of the error on the December 31, 2010, balance sheet of Boss Motorcycle Shop. State the effect of the error on the income statement of Boss Motorcycle Shop for the year ended December 31, 2010.
Explain how you imagine the invention of cheap electric cars would affect the demand for gasoline? Why? Which determinant of demand or supply would be affected?
The mayor of Denver wants to upgrade the public transportation system. In order to fund the improvements, the mayor proposes charging an extra $1 for each ride taken.
Using an indifference curve, illustrate Lorne's decision if he decides to work 10 hours every day.
Suppose the consumer has convex preferences, and we know (2, 4) ∼ (6, 1). Is the statement (4, 2.5) Ç (6, 1) correct? What about the statement (4, 2.5) > (6, 1)? Suppose now the consumer has strictly convex preferences, and we know (2, 4) ∼ (6, 1). D..
If your neighbour returns from a shopping trip saying that she got a lot of consumer surplus from her purchases
Critically evaluate the following statement: Playing the stock market is like gambling. Such speculative investing has no social value, other than the pleasure people get from this form of gambling.
The president of a growing engineering firm wishes to give each of 20 employees a holiday bonus. How much needs to be deposited each month for a year at a 12% nominal rate, compounded monthly, so that each employee will receive a $2,500 bonus?
Classical economists believe that the best monetary policy is:
Suppose the demand for apartment rentals in New York is Q = 1000 - P and the supply of apartment rentals is Q = 4P. What is the equilibrium price and quantity of apartment rentals in New York?
What amount will be required to purchase, on an engineer’s 40th birthday, an annuity to provide him with 30 equal semiannual payments of $1,000 each, the first to be received on his 50th birthday, if nominal interest is 4% compounded semiannually?
For this assignment, you are to continue using the fortune 500 Verizon Wireless Company.
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