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Problem: High levels of public debt represent one of the major fiscal challenges being faced in South Africa. Can high levels of debt be sustainable? Given South Africa's fiscal position, what advice would you have for policy makers who are considering whether to finance an increase in government spending through an increase in taxes or debt?
describe your understanding of externalities by providing an example of a positive externality and a negative
Which of the following individuals would economists consider unemployed? a. Sam looked for work for several weeks but has now given up his search and is going back to college. b. A 14-year-old wants to mow lawns for extra cash but is unable to find n..
Reflect on why some products become substitutes and why some are complements (e.g. hot dogs and hot dog buns).
Give a specific example for each ( US Companies ). Which one is better market from the stand point of producers? Which one is better market on the stand point of consumers?
the role of governments in the economy is one of the most debated issues in economics. similarly one of the most
What is economic stability objective of a budget and when price of the foreign currency rises what is the affect on its supply?
Briefly explain how and why adding government spending shocks to the baseline Real Business Cycle model helps to improve its empirical performance. How do the results depend on the substitutability between private consumption and government purch..
The firm's long-run total cost is given by and long-run marginal cost is given by LMC = 100 - 20Q + Q2. At what output level does the firm experience economies of scale?
The brass pump would cost $5000 installed. Instead, George could use a stainless-steel pump that has been sitting in the maintenance shop for a year.
the table below shows the hypothetical baskets of consumption goods for a typical penn state college student for 2012
What is the equilibrium quantity and price of tuna in Tropicia without trade? What is the consumer surplus, producer surplus, and total surplus of Tropicia? Graph these regions along with demand and supply
Identify two companies that you were most impressed with? Provide examples where their ethical practices have had impact on their financial management strategy.
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