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What is inflation? What does inflation do to the value of our money? Is it a good or bad thing? Defend your answer?
What does Hayek mean by "planning"? What is the minimum information needed by economic planners and individuals? Does the minimum differ for planners and for individuals? How? Why?
How much additional income would the consumer need to reach the prior level of utility at the new prices and How many units of X and Y does the consumer purchase?
What is value added in every sector also what is total output for the economy.
Suppose that the demand for money increases. Using a diagram with a money demand curve and a money supply curve, determine the effect on the interest rate.
Immigration is a major topic of concern in today’s economy. What are the possible problems and solutions for these concerns and what could happen to the U.S. labor markets if immigration is not controlled?
Which country has comparative advantage in producing cars? Which country has comparative advantage in producing helicopters - Which country has absolute advantage in producing cars? Which country has absolute advantage in producing helicopters?
Consider the following economy with Ta = 500 and YA = 10,000. 1) If G = 3500, Derive the equation of the BDA as a function of t (tax rate). 2) Find the tax rate at which the country will be running a budget balance.
A depreciable asset with a three-year life has a first cost of $30,000 with a $6,000 salvage value. The machine's operating cost is $10,000 in year one, $12,000 in year two and $14,000 in year three. According to the straight line method, the depr..
The financial crisis was brought on by unethical traders in the financial market. To prevent this from happening again traders and CEOs need to understand the principals of corporate governance and ethics."
A price ceiling sets a maximum legal price that a seller may charge, typically placed below equilibrium. What do you think of a government placing a price ceiling the next time gasoline prices rise above $4.00 a gallon?
Describe the mission of the World Trade Organization. How effective are they in pursuing this mission What do you see as the future outlook for the WTO? Be sure to consider both challenges and opportunities.
Discuss the similarities between the 1986 crude oil price collapse and the current slide in oil prices that began late 2014.
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