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Questions:
(a) What is a government budget deficit?
(b) What are the main causes of the huge budget deficit being experienced in most sub Saharan African countries including Kenya?
(c) What are the major methods of financing budget deficits used by these countries?
(d) The impact of budget deficit on the economy of a country depends on the sources of financing the deficit. Explain the impact of the methods of financing deficits discussed above in (c) on the economy and the business sector in general.
Explain the relevance of economics within the U.S healthcare system as it pertains to being a CEO of an HCO?
Both Veblen on one hand and Kahneman and Tversky oon the other hand challenged standard neoclassical notions of rationality. Explain the similarities and differences between Institutional Economics (Veblen) and Behavioral Economics (Kahneman and Tver..
What is the average production of labour, holding capital fixed at K? Simplify Fully
Suppose that firm 1 and firm 2 operate under conditions of constant average and marginal cost but that firm 1’s marginal cost is 1 = 10 and firm 2’s marginal cost c2 = 8. Market demand is Q = 500 − 20P. Compute firms’ prices, profit and market outcom..
Explain how a subsidy could be used to protect an industry from foreign competition
Calculate the expected number of games, the variance, and the standard deviation for the number of games played in a world series.
You are the manager of a monopoly that faces a demand curve described by P = 85 - 5Q. Your costs are C = 20 + 5Q. The profit-maximizing price is
Take a moment to explore the French system. How does the French system figure into this discussion? Does France have a presidential system like the United State
The United States is regarded as the richest country in the world, yet according to the insert on page 168 in your text: International Perspectives: Poverty and
A manufacturing firm is attempting to determine whether an existing machine is capable of milling an auto part that has a key specification of 2±0.004 inches. After a trial run on this machine, they have determined that the machine has a process mean..
The price of a product is $5 and the quantity demanded is 250 units/week. When the price is increased to $7 the quantity demanded falls to 125. Calculate the percent change in price and percent change in quantity demanded. Calculate the price elastic..
Suppose an economy's natural level of output of goods and services generally increases over time. The central bank of the country is responsible
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