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Why SMEs (small-to-medium enterprise) are important for development? Explain what kind of partnership would you implement to promote sustainable economic growth and which goal(s) will impact.
The World of Videos operates a retail store that rents movie videos. For each of the last 10 years, World of Videos has consistently earned profits exceeding $30,000 per year. The store is located on prime real estate in a college town. World of Vide..
Define monopolistic competition. How is monopolistic competition similar to monopoly? How is monopolistic competition similar to perfect competition?
Two Division managers at King Size Manufacturing have been in a long discussion with top management about allocation of capital spending over the next three years. The current plan up for approval calls for the bulk of capital expenditures to go to D..
Fiscal Policy" Please respond to the following: Who is in charge of making fiscal policy? Determine what fiscal policy measure has a more direct impact to the economy. Is it an increase in government spending or an equal decrease in taxes if consumer..
What is the difference between poverty and income inequality? Why do economists believe that some degree of income inequality is inevitable in a capitalist economy?
Negative Supply Shocks – How often are negative supply shocks, i.e., leftward shifts of the AS curve, which we’ll also discuss next week, associated with recessions? Plot on a quarterly basis since the beginning of the series the real price of oil – ..
Examine who is involved in financial decision-making. Analyze what are the steps in the financial decision-making process. Examine what some of the specific outcomes that resulted from changes to the financial decision-making process.
How does a fiscal policy affect the AS-AD curve? Lets say for example have an equilibrium output of 1600 and full employment level of 1200 meaning i have an inflationary gap of 400 so i might want to fix this by applying a fiscal policy that increase..
How should the manufacurer respond to this competitive threat? Suggest at least two alternatives.
Suppose the government implemented a negative income tax and used the following formula to compute a family's tax liability: Taxes owed= (1/3 of income)-$15,000. A family earning $60,000 before taxes would have how much after-tax income?
Consider two neighboring island countries called Bellissima and Euphoria. They each have 4 million labor hours available per week that they can use to produce corn, jeans, or a combination of both. The following table shows the amount of corn or jean..
In the short-run, a firm can experience increasing, decreasing, or constant returns to scale. Decreasing returns to scale are often due to coordination and communication problems that create operating inefficiencies.
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