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Question
For the Wells Fargo Scandal, Who do you think is the most responsible in this scandal? Managers or front-line employees?
The supply of loanable funds will shift to the right if either: A) Tax reforms encourage greater saving or investment tax credits were increased B) The budget deficit became larger or tax reforms discouraged savings C) The budget deficit became large..
Recently there has been discussion in the news about taxing junk food (soft drinks, for example) in an effort to reduce the incidence of obesity in the U.S. Do
Describe how real GDP per capita has changed throughout the world from 1820 to the present. 1.3 How is labor productivity related to the standard of living?
What is the difference between the Governor of the Bank of Canada and the Minister of Finance in terms of managing the economy? The full employment GDP
Watch the video of a recent debate between John Mackey, CEO of Whole Foods and John Roemer a Marxist economics professor from Yale. (Marx was the father of communism) It is an hour long. After watching the debate, explain each man's major points..
Elucidate how does each challenge the other and improve on previous work.
The consumer has an income of $24 per week. The price of a hamburger is $2 and the price of a milkshake is $1. How many milkshakes and hamburgers will he buy each week if he maximizes utility? Illustrate your answer on a graph.
Assume after 10 years real consumer spending doubles to 100. Explain how much do you believe will be the budget share of leisure.
Determine the GDP share of consumption, GDP share of investment, GDP share of government spending, and GDP share of net exports. What GDP component
Draw a indifference curve and degree of substition betweem goods: When the two goods are imperfect substitudes for each other, and assuming diminshing marginal rate of substitution.
Explain why does competition among traders affect how much of the gains to trade are given to the countries involved in the trade.
By Raising and lowering short-term interest rates to keep inflation moving at a steady pace, many central bankers and academics thought they had finally found a monetary policy solution to conquer the booms and busts of the business cycle.
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