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Assuming an economy with no government and no foreign trade, calculate the GDP for the following scenario. There are three firms, firm A is a mining company, firm B is a steel producer and firm C is an automobile manufacturer. In a specific year, firm A sells $100 million worth of iron to firm B, firm B sells $200 million worth of steel to firm C and firm C sells $500 million automobiles to general public. If there are no changes in inventory, no taxes and no other producers in the economy, what is GDP?
The diamond-water paradox can be explained by suggesting that the price of a product is determined by:
Regress Sales, RPDI, and CONF individually on an intercept and the three dummies and obtain residuals from these regressions, say S1, S2, S3.
Suppose that in some two-player game, s1 is a rationalizable strategy for player 1. If s2 is a best response to s1, is s2 a rationalizable strategy for player 2? Explain Suppose that in some two-player game, s1 is a rationalizable strategy for pla..
The company claims that the investment will grow to 10 times the original investment over the next 20 years. The company allows you to invest $200 per month for the next 20 years in this activity. If, in fact, the original investment in Greece per..
Explain how the price elasticity of demand affects a consumer's purchasing and the firm's pricing strategy as it relates to the simulation
President Chavez Venezuela said he is going to not sell oil to the United States. What will happen to the price and quantity of gasoline in the United States?
The demand curve faced by a industry in a monopolistically competitive industry which is more elastic than the perfectly competitive firm's demand curve.
Can someone help me to solve question one and three? Please write the solution. Thank you. Please help.
The bonds are identical in every way (e.g. they have the same coupon payment, maturity data, etc.), except that A is "riskier" than B - i.e. you think the probability of full payment of principal and interest is lower for A than it is for B.
Leaving aside any normative issues involved in this discussion,what would happen to the level of demand for union workers in theU.S. if the anti-sweatshop movement is successful?
Consider a small open economy that produces steel and cloth under Heckschel Ohlin condition, using 200 units of capital and 135 units of labor.
Suppose that a labor union leader is trying to bargain for an increase in union workers' real wages of 5 percent. If he expected the price level to rise at a rate of 3 percent this year, how much would nominal wages need to increase for him to acc..
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