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Question: Suppose you are assigned the task of determining the route of a new highway through an older section of town. The highway will require that many older homes be either relocated or torn down. Two possible criteria that might be used in deciding exactly where to locate the highway are:
(a) Ensure that there are benefits to those who gain from the decision and that no one is harmed by the decision.
(b) Ensure that the benefits to those who gain from the decision are greater than the losses of those who are harmed by the decision. Which criterion will you select to use in determining the route of the highway? Explain.
Distinguish between Keynesian unemployment caused by an aggregate demand de?- ciency and classical unemployment due to real wages being above the full-employment level. What can monetary policy do to reduce each of these?
A trend analysis for a farm business could be performed using what kind of data for comparison?
Suppose the state of California needs to increase tax revenue. The government is considering raising the per-unit tax on consumption good in order to generate more tax revenue.
Recommending a direction for an organization regarding geographic expansion, disposition of subsidiaries, and product offerings.
Over the past 30 years, health care expenditure in the U.S. grew at an average rate of 3.7% per year plus the rate of inflation, while expenditure on all other goods grew only 1% per year plus the rate of inflation. What seem to be the main reasons w..
A coin is biased so that a bead is three times as likely to occur as a tail. Find the expected number of tails when this coin is tossed twice.
Suppose MPC=0.75 and the government pay for the new spending of 100,000 by increasing taxes by 100,000. Calculate the new Y. Could you provide the answer with specific formulas if possible?
Do you agree with the opening sentence of this article? Why or why not? Do you think technology-mediated communication tools have a negative edge to them? Provide specific examples.
What is a convertible bond and why do investors find such bonds attractive? What advantages do convertible bonds have for the issuing firms? What stakeholder group might be harmed when a firm issues convertible bonds?
Suppose the bottle water industry is competitive. If a bottle of water supplied by the typical firm has an ATC of 20 cents and the market price if 30 cents.
Assuming you could not get the Pink ticket for free what is your (net) opportunity cost of your seeing Lady Gaga?
Use the additive weighting technique to rank order the overall success of these five presidents: T. Jefferson, A. Lincoln, F.D. Roosevelt, R. Reagan.
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