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Since the United States has an unemployment compensation program that provides income for those out of work, why should we worry about unemployment? Discuss.
The behavioral functions are given as follows. C = 20 + 0.8(Y − T); I = 14; G = 20; T = 10; IM = 0.5Y; X = 0.1Y*; Y* = 100where Y is domestic income; Y* is foreign income; C is consumption; T is tax; I is investment; G is government spending; IM is i..
What are the quality points that you would check for a spread of appetizers?
Suppose the marginal expense of hiring another worker is $150, and the marginal expense of hiring current workers for an extra hour is $10.
Suppose you have received a credit card offer from a bank that charges interest at 1.3% per month, compounded monthly. What is the nominal interest (annual percentage) rate for this credit card? What is the effective annual interest rate?
The members of the Board of the product are scheduled to meet with the Trade Minister of Industria. The Board is interested in convincing the Government of Industria to establish closer economic links with Atollia. Based on the regression results, wh..
The marginal private benefit (MPB) for commodity X is given by MPB = 20 – X, where X is the number of units consumed. The marginal private cost (MPC) of producing X is 2X (MPC = 2X). For each unit of X produced, the marginal external cost (MEC) of pr..
Obtain data on annual inflation (annual CPI), using the Statistics Canada CANSIM database (Excel File must be submitted).
For Industry-G, the relationship between price (Pd) and quantity demanded (Qd) is described through the demand function while the relationship between price (Ps
They have computed that their allowable itemized deductions are $4000. Compute their federal income tax.
A firm faces the following inverse demand equation for the commodity it produces: P = 100 – Q where P represents the price/unit of the commodity it produces and Q represents the level of output produced. The cost structure of this firm is summarized ..
Why equilibrium of supply and demand is desirable? How externalities may prevent market equilibrium and the various governments
If the CPI was 110 last year and is 116 this year, what is this year’s rate of inflation? What term do economists use to describe this second outcome? Inflation/deflation
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