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What is the difference between contractionary and expansionary fiscal policies? Which is more appropriate today? Explain your answer. How might contractionary and expansionary fiscal policies affect your organization?
All economics textbooks give examples that show diminishing marginal utility as consumption rises-However, it could be argued that a rational buyer should never experience negative marginal utility. Why?
A firm is using 20 units of labour and 30 units of capital to produce 4,000 units of output. At this combination the marginal product of labour is 50 and the marginal product of capital is 40.
Would an attempt to decrease the budget deficit not increase it. Does today's deficit not create tomorrow's surplus.
According to Gerald Baker, columnist for London Financial Times, November 23, 1999, "In the US, banks are, by whichever measure chosen, in unusually good shape for this stage of an expansion.
America is considered a rich nation because Americans can choose from an abundance of goods and services. How can there be scarcity in a land of abundance.
Utilizing a supply and demand diagram, explain how speculative attacks occur in the foreign exchange market.
Distinguish between explicit and implicit costs, giving examples of each. What are the explicit and implicit costs of attending college Why does the economist classify normal profit as a cost Is economic profit a cost of production
Determine the economic implications for the United States of the increase of China and India as significant economic powers.
If the vave is left as it is, the probability of a failure of the valve seats, over the life of the project, is 60%; the probabiity of failure of the valve stem is 50%; a,d of failure of the valve body is 40%. If the valve is repaired, the probabi..
Suppose you are a manager of a monopolistically competitive company, and your demand and cost functions are given by Q=20-2P and C(Q) = 104 - 14Q + Q^2
One of the major issues in macroeconomics is disagreement in debate over policy activism vs. policy rules. What exactly is that disagreement?
Elucidate one or more of the criteria which you believe should be improved at your place of employment.
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