• Economics
First of all, it is important to note that we in the United States are not, so far as we know, in a recession today. The deep recession began in December of 2007 and lasted until June of 2009. It...

• Economics
Are you asking which of these things regulators could do to reduce the amount of risks banks can take? If so, the thing most likely to reduce risk would be B. Of course, C would reduce risk...

• Economics
In general, expansionary policies, whether they are fiscal or monetary, will cause increases in aggregate demand (AD). They will not, at least in the short run, cause increases in aggregate supply...

• Economics
Yes, it is possible for the United States and other countries to experience economic growth without causing excessive environmental damage. The best way for this to happen is through the...

• Economics
To find comparative advantage, what you need to do is determine the opportunity cost for each person and each product. Opportunity cost is the thing that has to be given up to get some other...

• Economics
Of these choices, only D would be considered frictional unemployment. Frictional unemployment occurs when a person either A) is out of a job in search of one that is better suited to them or B) is...

• Economics
You have an absolute advantage if you can make a unit of a certain product while using fewer resources than someone else can. You have a comparative advantage if your opportunity cost for making...

• Economics
Economic policies in the years 1918 to 1938 varied widely. Much of the world was thrown into a recession following the end of World War I and, while the United States and parts of Europe saw...

• Economics
Economic growth occurs when the people in a given economy come to be able to produce more goods and services in a given time frame. There are different ways to measure economic growth and...

• Economics
First, we must note that net exports do not directly help the gross domestic product (GDP) of the United States at all. The US consistently has the world’s largest trade deficit. This means that...

• Economics
No, land is not a free commodity. It is not as if there is an unlimited amount of land available to people who therefore do not need to pay anything for it. There is very little in the way of...

• Economics
If we knew what actions would, without fail, cause economic growth, we would pursue those actions and no country would suffer from a lack of such growth. However, economists disagree on the best...

• Economics
A positive externality exists when people who are not part of an economic transaction gain benefits from that transaction. A person attending college definitely creates positive externalities for...

• Economics
Using the income brackets and the marginal rates for each of them mentioned here, Eddie's income of $42,487 can be divided as follows:$42,487 = $8,375 + ($34000 - $8375) + ($42487 - \$34000) =>...