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Using the historical tables from the Budget of the US government, utilize the website to determine where the US government allocates its expenditures.
Examine Table 3.1 on Outlays by Superfunction and Function. Consider what government functions have been capturing growing shares or declining shares of government spending in recent years.
Select one of the government functions and describe in a brief summary whether it has seen an increase or decrease in government spending over the past 10 to 15 years. For the function you have selected, is it related to the problem of addressing externalities, providing public goods or dealing with other market failures. Does it appear to be related to political functions instead of economic functions?
Find out the range of outputs over which the firm's technology exhibits Increasing, Decreasing or Constant Returns to Scale.
Critically analyze also elucidate real-life economic problems also opportunities by applying economic concepts, principles, and theory.
During Dec. 2007 and Dec. 2008, measured RGDP in economy fell by 1 percent as the US economy sank into a recession. Over that same time period total employment in terms of hours worked declined by 3.7 percent
Suppose the yield to maturity on a 2 year treasury note was 4.5 while the yield on a 1 year not was 5.5 assume that neither treasury note had coupon payments so the only payment was he face value received when the note matured.
Describe the US household is harmful to the economy with the use of AS-AD diagrams.
A cost function for clinic visits in a small inner city clinic. determine the marginal cost for each level of output.
l. How can you tell that this is not the long-run least cost of producing this level of output m. How would the firm adjust its labor and capital usage to produce this level of output at least cost in the long-run
Based on absolute advantage and comparative advantage, Elucidate the effect of global economic conditions on the choices available to that country.
The nation is divided into __12______ Federal Reserve districts, each having a Federal Reserve Bank.
Imagine that you are the Chair of the President's Council of Economic Advisors. You need to prepare a briefing for the president on the status of the economy. Write a 1-2 paragraph on how the economy is generally doing. (For instance, determine if..
Assume you want to hedge a $400 million bond portfolio with a duration of 4.3 years using 10- year Treasury note futures with a duration of 6.7 years.
Assume two inputs, K and L. Illustrate the following cases with two graphs: (1) the substitution effect on labor hired due to a wage increase is zero. (2) the scale effect on labor hired due to a wage increase is zero.
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