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Current fiscal policy recommendations
What recommendations would you make to Congress and the President for the management of fiscal policy in the next few years? Why?
Business Economics, Economics
When we derived the put-call parity relationship (for non-dividend paying stocks), we showed that the put was equivalent to a combination of the call, the stock and riskless borrowing/lending. Obviously, we could use the ...
Assume that utility over two goods is given by U(x1,x2) = 0.3lnx1 +0.7lnx2. The price of good x1 is equal to p1 and the price of good x2 is p2. The total income of the individual is given by I. a. Write down the budget c ...
The demand for good X has been estimated by QXd =12 - 3PX + 4PY. Suppose that good X sells at $2 per unit and good Y sells for $1 per unit. Calculate the own price elasticity when the price of X increases to $3.
In the design of an automobile radiator, an engineer has a choice of using either a brass-copper alloy casting or plastic modeling. Either the material provides the same service. However, the brass-copper alloy weighs 25 ...
Why are the rules governing plagiarism important for academic communities? Are there situations where the rules are too stringent? What is the most difficult aspect of understanding these rules? Explain briefly in 300 wo ...
You explain to your friend Haslina, who runs a catering service called "Meals in a Zip," about an economic theory which asserts that consumers will purchase less of a product at higher prices than they will at lower pric ...
Explain why it is important for a business to estimate the price elasticity of demand for its product?
Bloomin’ Brands Outback Steakhouse Carrabba’s Italian Grill Roy’s Restaurant (Hawaiian fusion cuisine) Bonefish Grill (market-fresh fine seafood) Flemings Prime Steakhouse and Wine Bar L’Oreal Maybelline, Lancome, Helena ...
Would having monitor supply twice as large as it usually is make trade twice as easy? Would having monetary supply half as much make trade half as easy? Explain
What was the basis of the U.S. government's finding against Microsoft (abuse of monopoly-like economic power)? a. Microsoft was found guilty of tying its Web browser to its operating system, which unfairly limited compet ...
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