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1. Which could consider be automatic stabilizer fiscal policy?
A. Unemployment benefits
B. Defense related spending
C. National parks related spending
D.None is correct.
2. The difference between the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO) is the fact that the former compared to the latter went beyond tariff reductions to liberalize various nontariff trade barriers.
True
False
3. One of the main reasons why developing countries didn’t succeed in creating cartel is due to the refusal of global consumers to buy products that originate from developing countries.
Using the IS/LM/BP model and assuming perfect capital mobility, explain : how a decrease in foreign income affects domestic output. how an appreciation of the domestic currency affects domestic output.
The goals of the _________ are to increase economic self-support and self-sufficiency, reduce abuse and neglect of children and adults, reduce inappropriate institutional care, and secure institutional care when needed. a. Social Services Block Grant..
One effective way to get the message about Individual Assistance to eligible tribal members is to:
Bring your own device to work is becoming more popular everyday. Please present the pros and cons of BYOD to work. Then choose a side and provide support for your position. Be sure to address the ethical and security issues.
The provincial Department of Transportation pays Happy Ferry Company to transport cars across a bay that effectively splits the largest city in the province. Happy Ferry Company has submitted a bid of $5 million per year (to be paid to them by the pr..
Why do some workers make more money than others? Must everyone make the same wage? Explain your answers using labor market equilibrium.
If the price of cheese is marked down during a sale by 20% and in response the quantity demanded (sales) increase from 30 packages to 45 packages what is the price elasticity of demand? Is demand elastic or inelastic?
Describe some of the conflicting social, economic, and environmental costs, benefits, and issues associated with construction of the Three Gorges Dam.
Bank is willing to let business have an intermediate-term loan of $50,000 for five years at an interest rate of 6.5 percent. Estimate monthly payment and elucidate where taking this loan is a smart business decision.
Suppose that the economist of Corporation XYZ estimates the following long run cost function for a product M that the company produces and sells. What is the total fixed cost? What is the total variable cost function?
Outline a plan that managers in a low-calorie, frozen microwaveable food company could follow in anticipation of raising prices when selecting pricing strategies for making their products response to a change in price less elastic. Provide a rational..
Suppose an industry has 100 firms, each with supply curve P = 50 + 10Q. Furthermore, suppose the market demand curve is given by P = 200 - 0.9Q. What is the industry supply curve?
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