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Phil owns an old set of golf clubs that he purchased for $1,000 seven years ago. How does this sale affect GDP?
What groups does the Bureau of Labor Statistics count in the labor force?
What is the size of the labor force? What is the unemployment rate? What is the natural rate of unemployment for this country?
What is the Marginal Propensity to Consume? What is the spending multiplier? What will the effect on the Gross Domestic Product?
Write a brief description of major policy reforms on competition in the NHS. Use diagrams to support your arguments.
Explain how more recent research tried to verify the H-O model. Explain the results of these more recent empirical tests.
Explain what will happen to unemployment using both classical and Keynesian reasoning.
Compute the average variable cost, average cost, and marginal cost for each function. Discuss the relationship between average variable cost and average cost.
Briefly, you are to research and show how these apply to your scenario: GDP growth rate , the business cycle, unemployment, and inflation and fiscal policy.
If all of the energy from the sun were captured by solar cells with efficiency levels. How much energy could be converted to useful work each year?
What annual value would a nationwide 20 percent reduction provide to U.S. anglers? Explain which policy would be more efficient and why.
Also ask them to guess how many reported pollution releases from U.S. offshore drilling platforms occured in 2008.
Why do you suppose that some people argue ardently that the problem is alarming?
What is the difference between GDP and NNW? Explain two reasons why environmental degradation need not accompany growth.
Explain one type of policy that you would suggest for the control of automobile emissions.
If Donna's discount rate is 10 percent, at least how many tulips must be available in two years in order to justify her waiting until then to pick them?
Of the factors determining the need for government involvement in environmental protection, which weigh most heavily in your country?
What aspects of the government in your country resemble capitalism? What aspects resemble socialism? Are there aspects of other systems of government?
What would be the possible change in money supply if we also had to consider a cash drain (leakage) of 5%?
Explain the effect of the government's increased expenditure on infrastructure on U.S. aggregate demand and aggregate supply.
State your goal, your prescribed action, and why you believe it will work using the information you found.
How would you design a better health care system for the U.S. population? Who would control the health care decisions? Would everyone be required to join?
Why do you think the Fed currently has a reserve ratio for sight deposits but not for demand deposits?
Why does the Fed feel the need to maintain a system of reserve ratios when the Bank of England does not (apart from the small prudential ratio)?
How centralized is the US central bank system now? Do the regional Reserve Banks have more or less power than national central banks within the European System?