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Assume that you get a summer intern job and a recession start while you are there. Prepare a memo to your boss, who is a member of Congress, on pros and cons of a big highway building program to combat the recession.
Microeconomics, Economics
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Question: The theory of comparative advantage may be applied to a country's output. Although natural resources within a country may often provide the best opportunity for comparative advantage, certain countries are able ...
Question: A competitive firm produces output using three fixed factors and one variable factor. The firm's short-run production function is q = 305 x - 2 x 2 , where x is the amount of variable factor used. The pric ...
Question: Give two real life examples of how economics can be used to improve decision-making with original examples not found in the textbook. Explain how following the three step approach can be used 1. Who is making b ...
Question: The following is an excerpt from a conversation between two sales clerks, Jean Moen and Sara Cheney. Jean and Sara are employed by Turpin Meadows Electronics, a locally owned and operated electronics retail sto ...
Question: From 1992 to 1997, the unemployment rate in the US declined from 7.5% to 4.9%, while at the same time it rose from 8% to over 12% in continental western Europe. (A) What factors caused the unemployment rates to ...
Question: Consider two approaches to reducing emissions of CO2 into the environment from manufacturing industries in the United States. In the first approach, the U.S. government makes it a policy to use only predetermin ...
Question: Suppose that an unexpectedly rapid growth in real income abroad leads to a sharp increase in demand for U.S. exports. What impact will this change have on the price level, output, and employment in the short ru ...
Question: 1. Private Discounting You are considering installing all new compact fluorescent light bulbs in your house. Your initial investment in the light bulbs will cost a total of $400 and you expect them to last 4 ye ...
Question: Answer the following in 150-200 words. In Federalism, how has the relationship between the national and state governments changed over time? Discuss the types of Federalism (Dual Federalism, Cooperative Federal ...
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