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Question: Assume the government was paying 500,000 people an average of $10,000 per year for unemployment benefits.
(A) Under the new regime to end welfare, all these people are hired by the government to perform various tasks, such as serving lunch in the Congressional dining rooms. What happens to GDP, wages and salaries, personal income, personal saving, and national saving?
(B) Under an alternative scheme to end welfare, all these people are required to find jobs in the private sector, and all are successful. What happens to GDP, wages and salaries, personal income, personal saving, and national saving? Assume these people are paid their marginal product, so profits do not change.
Does a company have an obligation to be a good corporate citizen? How might your responses to the first two questions translate to good strategy execution?
A monopoly faces the following TR and TC schedules: TR = 300q - 2q2.
Which sources would you recommend Micro-Link avoid? Explain. What should Duke and Morton do to prepare for their search for capital? Identify the possible sources Micro-Link could approach for the financing it needs.
Residual Demand 1. If market demand is Q = 100 - P^2 and the supply by any given firm is q = 2P^2, then what is the residual demand of firm i if there are a total of 20 firms in this market? 2.What is the elasticity of firm i?
In your view, should leaders in the public service pursue the "greatest good for the greatest number," or follow a set of moral rules when they make decisions involving difficult ethical issues?
three oligopolists a b and c produce an identical product q. q is produced under conditions of constant costs that is
Suppose that the money market is initially in equilibrium for an economy. Describe with the aid of a diagram how market adjusts to an increase in money supply, an increase in real GDP
Discuss how PVRs will affect the demand from advertisers (i.e., to place advertisements in network television programs).
explain and compare these four different scenarios on how mortgage depreciation and tax expense impacts decisions on
Using a .01 level of significance, do the sample results support the conclusion that the mean annual consumption of Coca-Cola beverage products is higher in Atlanta? Compute the p-value and interpret its meaning. Explain your conclusions.
Using the following data (billions of dollars) for a given year, calculate the balance on merchandise trade: the balance on goods, services and income; and the current balance. Indicate whether these balances are deficits or surpluses.
assume that the current level of income in the economy is 700 billion. it is determined that in order to reduce the
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