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As a result of this policy, do more or fewer people attend classical music concerts? Explain your answer using concepts from the text.
How do the elasticities of supply and demand affect the deadweight loss of a tax? Why do they have this effect? Please give examples and support your answer.
What is the opportunity cost of investing in capital? Do you think a country can overinvest in capital?
Is unemployment typically short-term or long-term? Explain your answer and support with concepts.
In what sense is inflation like a tax? How does thinking about inflation as a tax help explain hyperinflation?
What is the value of GDP? What is the value of net the domestic product? What is the value of net investment? What is the value of net exports?
What does the term ‘Inflation' describe? What constitutes a ‘business cycle'?
What is the expression for the government spending multiplier? What is the expression for the lump-sum tax multiplier? What are the values of these multipliers?
It's a clip from the Law and Order SVU (6:18 minutes) which show how the market (legal AND illegal) for kidneys works.
What constitutes a ‘business cycle'? (Through which phases does an economy pass in the course of one cycle? What do those terms describe?)
What was the opportunity cost for LeBron James when he determined to directly enter the NBA?
Identify the market structure your chosen firm operates in, analyze your chosen firm's current market share, and identify the firm's local/global competitors.
Using only websites ending in .gov, report the current GDP and the current Federal deficit. What inference can you draw from the numbers collected?
A brief essay determining where the economy lies in the business cycle (data is helpful!).
Would it be a rational business decision for the Cuppa Coffee Company to borrow the funds necessary to invest in the new coffee roaster?
What is the marginal propensity to consume in this economy? At what level of real GDP will the economy find its income-expenditure equilibrium?
Why does the size of the expenditure multiplier matter in the real world? Why does it matter to businesses, employees, consumers and policy makers?
Describe physical and logical access controls when and where would you implement them. Explain how they work and what type of controls they provide.
Explain the effect on the price of oil. Also describe what could cause the price to move in the opposite direction.
What percentage of income is pay in taxes at each level? What is the marginal Text rate on the first $1000 of income? The second $1000? The third $1000?
To locate, retrieve, and evaluate the effects of macroeconomic indicators on your own decision making.
List three examples of labor market institutions included in the parameter z. Explain how an increase in the unemployment rate will affect nominal wages.
Prepare The Economic Analysis of the Country Bulgaria. Develop an understanding of and appreciation for a culture's shared values.
Measuring national income. Short-run macroeconomic model without government and taxation.
Explain how macroeconomic factors affect health care costs. Describe how financing is provided to both national health care systems.