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Using the Classical Full-Employment Model, demonstrate via the three diagram setup (labor market, product market & capital market) the impact of: A refugee problem vis-à-vis the EU—European citizens, terrorized by the utter incompetence of their governments, flee to the United States.
A construction firm can achieve a $15,000 cost savings in Year 1 and increasing by $2,000 each year for the next 5 years by upgrading some equipment. At an interest rate of 10%, what is the equivalent annual worth of the savings?
Which of the following statements describes how the emergence of social media has transformed the way we do business?
Johnny Rotten consumes two commodities, namely garbage and vinyl records. He keeps the garbage in the backyard where it is eaten by goats and vermin. The reason he accepts the garbage is that people pay him $2 per sack for taking it. Write down an eq..
What is the marginal rate of technical substitution of labor for capital at any point along an isoquant?
Choose three of the most effective alternative methods of government finance. Provide a rationale for your choices by explaining why they are the most effective methods, and analyze their impact on the economy.
Compare the rationale of the Reagan administration for the 1981 tax reductions with the rationale behind the Kennedy-Johnson tax cut of 1964
"The theory of comparative advantage (and the associated projected economic gains from free trade) is a well-known economic theory, but what happens in the real world is closer to the opposite. If, as the result of free trade, some American workers l..
Suppose Firm X is a monopolist and is receiving positive economic profits. Illustrate what prevents other firms from directly competing away the profits.
Evaluate the costs & benefits of Microsoft’s decision to produce the Surface tablet completely in-house in light of what you know about merged firms versus partners making complementary products. Why do you think they chose to produce it this way?
The demand equation for a company's product it Q = 500 - 3P + 2Pi + 0.1I where Q is the quantity demanded of its product, Pi is the price of its rival's product, and I is the per capita disposable income (in dollars). At present, p = $10, Pi = $20, a..
Illustrate what impact might such a reduction in purchases of U.S. treasury securities have on the cost of short- also long-term financing.
Apply supply and demand analysis to price determination and predict changes in supply and/or demand Analyze the effects of elasticity on consumer and business behavior
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