CHAPTER 12 Fiscal Policy A. Short-Answer‚ Essays‚ and Problems 1. Give a brief definition of fiscal policy? What are its economic goals? 2. What is the Council of Economic Advisers? 3. “The Employment Act of 1946 is no more than a vague and ill-defined commitment by the Federal government to assist in the achievement of full employment.” Do you agree? Explain. 4. Explain the effect of a discretionary cut in taxes of $40 billion on the economy when the economy’s marginal propensity to consume
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Barriers to entry: In theories of competition in economics‚ barriers to entry are the obstacles and hindrances that make it difficult for a company to enter a given market or industry. The most common barriers to entry include government regulation and economies of scale‚ but nowadays it is increasing for entry barriers to be viewed as a cost. Stigler defined barriers to entry as “A cost of producing which must be borne by a firm which seeks to enter an industry but is not borne by firms already
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OF NEW SOUTH WALES SCHOOL OF ECONOMICS ECON1203/ECON2292 (ARTS) QUANTITATIVE METHODS B FINAL EXAMINATION Session 2‚ 2009 Time allowed: Three hours. Total marks: 60 marks. There are FIVE questions in this examination; each starts on a fresh page. Answer ALL five questions; start each answer on a fresh page. All questions carry equal marks. The value of each sub-question is indicated in brackets. On the front of your answer book‚ write the number of each question you have attempted. Statistical
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FINAL EXAM: QUESTIONS 1. Which core part of an operating system provides essential services? a. Service b. Driver c. Kernel $ d. Module 2. Which among the following is the process of proving that provided identity credentials are valid and correct? a. Identification b. Authentication $ c. Authorization d. Nonrepudiation 3. The ability to run a backup is an example of which Windows feature? a. Permission b. ACL c. Capability d. Right $ 4. Which among the following is the best reason to
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own needs’ (Smith & Rees 1998‚ p. 15). Since that long time ago 1987‚ there have been a lot of researches in this field‚ and three essential aspects of sustainable development have been defined (Kronenberg & Bergier 2012‚ p. 24). At first‚ there is economic – a sustainable system must be able to produce goods and services on a permanent basis‚ to maintain appropriate levels of debt (government as well as external one)‚ and to avoid significant disbalance in different sectors (that can damage agricultural
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What are some specific ways that we humans have adapted to the physical environment in which we live in? Such as plate tectonics‚ weathering and erosion‚ and the form of precipitation. How do/can we adapt to nature and its disaster? PLATE TECTONICS: Plate tectonics causes earthquakes‚ which are one of the things that we have to adapt to. Earthquakes are powerful and each time it strikes it separated the land. So over time we as humans have created strategies. To keep us safe and how to
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CHAPTER 1 1. Internal expansion involves a normal increase in business resulting from increased demand for products and services‚ achieved without acquisition of preexisting firms. Some companies expand internally by undertaking new product research to expand their total market‚ or by attempting to obtain a greater share of a given market through advertising and other promotional activities. Marketing can also be expanded into new geographical areas. External expansion is the bringing together
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The table given below represents the marginal valuation of a beekeeper (collecting honey) and an orchard farmer (producing mangoes). The beekeeper’s opportunity cost reflects the loss in honey collection resulting from the usage of the same orchard again and again. Table 1 Days used Total honey value ($) Marginal honey value ($) Beekeeper’s opportunity cost ($) Total value of mangoes ($) Marginal value of mangoes ($) 1 18 18 2 10 10 2 23 6 2 17 7 3 27 5 2 23 6 4 30 3 2 28 5 5 32 2 2 32 4
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CJUS Final Review 1. Know what the Fifth Amendment limits? Limitations on the exercise of governmental power or authority and prevent person from being tried twice for the same offense‚ testify against himself. 2. Sixth Amendment guarantees what? The Sixth Amendment guarantees the right to legal counsel at all significant stages of a criminal proceeding. 3. The eighth amendment bars what? U.S. constitutional amendment forbidding excessive bail‚ excessive fines‚ and cruel and unusual
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Name: mun Score: 0 / 30 (0%) [8 subjective questions not graded] Final Exam Review Questions Multiple ChoiceIdentify the letter of the choice that best completes the statement or answers the question. | | 1. | The total sales of all firms in the economy for a year a. | equals GDP for the year. | b. | is larger than GDP for the year. | c. | is smaller than GDP for the year. | d. | equals GNP for the year. | | | ANSWER: | B | |
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