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    gov econ policy

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    Government Economic Policy In 1988 the government of the day was at a downswing of the business cycle with high unemployment rate (UE%) coupled with high inflation. This caused the real income (YR) to fall. The populus of Australia had less purchasing power causing the aggregate demand to fall (ÓD). With the people of Australia spending less and firms not selling enough inventories the government (G) had less taxation revenue and with firms trying to cut costs, they laid off workers. This caused

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    Midterm Exam International Finance April 8, 2002 Answer all questions in examination booklets 1. (10 points) Use the BOP accounts guide on the last page of this exam to indicate where each of the following transactions should be recorded in the U.S. balance of payments (e.g.: “i3”, “e2”, etc.). Bear in mind that each transaction should generate a capital account and a current account entry. a) The U.S. buys $1m. of lumber from Canada b) Japan buys $500K of fish from

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    Final Exam Questions -- Economics 4131, Spring 2006 1. Explain how the gold standard operated in the classical period (1870-1914). What were the advantages and disadvantages? Some say the gold standard sacrificed internal balance to external balance. How? What were the “rules of the game” and what would happen when they were violated? What would happen when the demand for monetary gold rose faster than the supply, and why was this a problem? 2. Explain the functioning of the Bretton Woods currency

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    Econ

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    I. Introduction and Background The United States Highway Trust Fund (HTF) is currently underfunded and depleted. This trust fund is responsible for funding highway and mass transit projects and also maintenance projects at the state and local government level. In 2005 80 percent of all road revenue was either directly or indirectly from the gasoline tax (Kim, Porter, Whitty, Svadlenak Lareson, Capps, Imholt, Person 2008, pg 37). The gas tax has tax has not been collection the revenue it has in

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    econ

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    1 Per capita GDP is the measure of the prosperity of the citizens in a country. GDP per capita is derived from dividing the GDP of a country by its population. GDP is the total production of an economy within a given year and dividing this GDP by the population of the country results in GDP per capita. GDP per capita is, therefore, the output of an economy per person in that economy. Some countries have a persistent low per capita GDP due to factors that affect the country’s GDP and these include

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    Econs

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    The implied justification for the statement “However much we might regret the effect of our actions on the welfare of employees, or the effect on the environment, or the impact on our reputation, our obligation is to maximise returns to our shareholders” (Kay, 1998) is the economic theory of profit maximization. Economists such as Freidman argue that the only responsibility of businesses is to make as much money as possible for shareholders (Friedmen, 1970). He argues that any other objective is

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    Econ

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    MacEwan and Miller argue that income inequality was a huge factor to the economic crisis in 2008. Their argument goes back to the great depression. It show how the changes in the country’s economy through ideology, regulations, and politics. They then link these three main principles with income inequality. The Great Depression — A New Ideology and a Greater Equality After the Great Depression the country was in shambles. GDP had dropped 26.5 percent; industrial production fell by 52.9 percent and

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    Econ

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    The Kyoto Protocol effect on Economics In the movie Day after tomorrow, an apocalyptic event is shown to occur. In the movie an excess of global warming causes a change in the ocean currents resulting in a global crisis. Even though the movie is heavily dramatized, it still has a sense of truth. In the movie the United Nations mention something called the Kyoto protocol. The Kyoto Protocol is a plan developed by the UNFCC, (United Nations Framework Convention on Climate change) it was signed by different

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    MODERADOS Y PROGRESISTAS DURANTE LA MINORIA DE ISABEL: EL ESTATUTO REAL Y LA CONSTITUCION DE 1837 Tras la muerte de Fernando VII su hija Isabel fue proclamada reina. Moderados y progresistas agrupaban de forma caótica a todos los liberales, los primeros incluso a algunos absolutistas moderados. El 6 de Octubre de 1833 la regente Maria Cristina adoptó una medida para acercarse al liberalismo: la declaración de indulto general y de amnistía El primer gobierno de Maria cristina estuvo presidido por

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    LOS PAÍSES SUBDESARROLLADOS A. LOS PAISES DEL TERCER MUNDO: En general se considera que el primer mundo lo forman los países desarrollados de una economía de mercado. El segundo mundo lo forman los países de economía de Estado los cuales son los mismos países comunistas. El tercer mundo lo forman países en vía de desarrollados, la cual es mas de la mitad de la población mundial. Los países del tercer mundo no forman un conjunto igual, sino que esta denominación que se le dan ha estos países

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