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What are the macroeconomic policy tools and how do these instruments affect change in the broad economic conditions? for Australia (GDP, unemployment and inflation)
Suppose that you were a dictator. Describe a law that you could decree that would eliminate or reduce frictional unemployment but would likely reduce productivity, and explain why. Describe a law you could decree that would increase frictional unempl..
For many years, the medically accepted practice of giving aid to a person experiencing a heart attack was to have the person who placed the emergency call
How does competition relate to communism, socialism, fascism, capitalism and monarchy? 2. To what extent does capitalism include “crony capitalism” and why? 3. What roles are played by: a. Competition?
Consider a two player game in which each player has only two strategies.
Explain the difference between monochronic and polychronic cultures. Then, give example of how each culture would differ its response to two business situations
A fractional reserve bank creates money. Are there any limits to how much it can create? Does a large bank face the same limits as a small bank? What would be the limits for a large bank that was the only bank in the country?
In setting out a social welfare function to evaluate damages and costs of climate change
Thomas has income of $1500 today and $1000 tomorrow. He can lend and borrow at an interest rate of 10%. There is 10% ina´ation. His preferences for inter temporal consumption are represented by the following utility function U (c1 ; c2 ) = c1 + c2. W..
When examining wage dispersion, many people consider only monetary rewards and ignore other perks such as life insurance, health insurance, and paid vacation days. A compensation package including these items is described as having which of the follo..
1.Child Labor. Suppose each child's total time T is allocated between home time (H) and employment (L=T-H), where H is a normal good. The household has an endow
Complete the expense budget, budgeted statement of financial performance: you will need to add the non GST items to the expense budget, and the cash flow budget which has an opening cash balance of $42,000. The opening GST liability is $2,000 and ..
Discuss the importance of a well-developed compensation plan in attracting as well as retaining good employees as well as how to keep those plans from "working too well."
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