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Tracking the U.S. Economy

#2 National Income Accounting: Define gross domestic product. Determine whether each of the following would be included I the 2007 U.S. gross domestic product: a. Profits earned by Ford Motor Company in 2007 on automobile production in Ireland. b. Automobile parts manufactured in the United States in 2007 but not used until 20

Causes of the recent current account deficit in the USA

Please help with the following problem involving economics. In 200-300 words, answer the following questions about the current US economic situation - What has caused the current account deficit of the USA in recent history? - Why is this a serious problem? This is for a 400 level course so an intelligent thought out resp

Intermediate Microeconomics

1. In the context of a supply-demand diagram of the low-skill labour market, a minimum wage above the competitive equilibrium will reduce employment relative to the competitive equilibrium. Show that the total revenue earned by labour may nonetheless increase. Given such an increase, show that, if all workers have the same chan

Retirement plans

Need help in preparing a 1 page paper discussing the major retirement planning programs and how they work. Please include the reference material.Please do not copy the information word for word.

Some questions

Hi. Here are some questions I'd like to compare the answers with. 1. A company sells regulators to other manufacturers who then customize and distribute the products to quality assurance labs for their sensitive test equipment. The yearly volume of output is 15,000 units. The selling price and cost per unit are shown below

Lagrangian Multipliers

1. Fixed capital and labor expenses = 1.2million/year Variable expenses = 2,000/unit of output Demand: Q = 1000 - 0.1P A. Calculate profit-maximizing output, price, and profit levels B. Using the Lagrangian multiplier method, calculate profit maximizing output, price, and profit levels in light of a parts shortage that

developing economies

Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound of money supply, a low saving rate, poor capital base, and a lack of foreign exchange. How these problems are connected with each other?

Labor Demand and Market Equilibrium

Using an appropriate diagram, show and explain briefly how a rise in the minimum wage could result in higher employment in a monopolistic labor market. Could a similar increase in employment accompany the rise in the minimum wage if the labor market is not monopolistic? Explain your reasoning.

Outsourcing pros and cons

Identify the pros and cons of the following consequences of outsourcing decisions made by U.S. companies in response to growing globalization and tougher competition in the marketplace. Provide a comparative analysis of the differing or similar perspectives of CEO's and senior executives, shareholders, middle managers, economist

See attachment. Are hourly employment costs a fixed or variable cost?

See Attachment. a) Are hourly employment costs a fixed or variable cost? b) How is the average total cost curve affected by these changes in costs? In the chart you found, what has been the trend in employment costs since 2002? c) What is the likely implication of the trend in employment cost on profits?

Multinational corporations friction costs!!!

For multinational corporations, friction costs arise where practices of the firm are seen by the public as exploitative or unethical. These actions lead to public criticism and loss in the value of the company's goodwill and may translate into measurable sales losses. There is growing evidence that a corporation's image can

Neutrality and supernuetrality of money

Please note: - this is a master's level, so please explain every step you make in you answer. -If you think you could give me a fully perfect answer for this question, then let me know and I'll restrict the posting for you. Question: What is mean by "neutrality" or "superneutrality" of money? Give examples and discuss wh

effect of this new technology

Consider the following information for a T-shirt manufacturing firm that can sell as many T-shirts as it wants for $3 per shirt: Number of workers Number of shirts produced per day MP(L) TR MRP(L) 0 0 1 30 2 80 3 110 4 135 5 20 6 170 7 30 8 15 a) Fill in all the blanks in the table. b

Productivity and real wages

Dear OTA: Please help me complete this task. These are the questions I need answered but I sent an attachment through to that explains what I ultimately need done. Thank you so much!!!! ? Please describe the concepts of full employment, inflationary gaps, and recessionary gaps. ? Please identify and describe the current

You observe that output is above full-employment output.

You observe that output is above full-employment output. Politicians are arguing about the possible reasons. One party claims that this is due to a drop in world oil prices. The other party claims that this is due to an increase in consumer spending. Using aggregate supply-aggregate demand graphs, explain (a) how each of the abo

Aggregate Demand for Keynes

Please help me understand this! What did Keynes say we should do to Aggregate Demand during times of recession or depression? How should it be done according to Keynes? Draw the supply and demand curves to illustrate.

Article Suggestion

I need to find an article, it has to be from the Wall Street Journal, Fortune, Business Week, Forbes or Entrepreneur that I can answer the following questions from. 1) What is the objective of the article? Please note that the article has to be relevant to microeconomics and the topics covered in this class. 2) What topics a

Anticipating a Tax Cut

Please help me with the attached question. One page total (including graphs). Suppose you anticipate that the "Bush tax cuts" on capital gains and income will be reversed next year (or, more accurately, be allowed to expire). You believe the higher capital gains taxes will have a negative impact on capital formation. Depi

Determining Equilibrium Real GDP and the Price Level

Consider a country with an economic structure consistent with the assumption of the classical model. Suppose that businesses in this nation suddenly anticipate higher future profitability from the investments they undertake today. Give reasons to explain whether or how this could affect the following: 1.The current equilibri

Goals of monetary policy

What happens to the money supply, interest rates, and the economy in general if the Federal Reserve is a NET SELLER of government bonds? What happens to the money supply, interest rates, and the economy in general if the Federal Reserve is a NET BUYER of government bonds.