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In the circular flow diagram businesses pay wages, rent, interest, and profits to households in return for the use of factors of production. through the factor market businesses purchase goods and services from households in return for consumption dollars. through the factor market households pay wages, rent, interest, and profits to households in return for use of the factors of production. households purchase goods and services from businesses in return for profits. businesses sell goods and services to households in return for rent, wages, interest, and profits.
Clarify the factors that led to the change in supply or demand within the article and describe what occurred to change the demand.
Consider the situation of the concept of Green energy policy and conservation. What is the issue at hand and what are they hoping to do? Explain. What are the anticipated benefits of using the electric cars and the new florescent light bulbs?
To improve its standard of living, a nation’s economy must remain stable, grow through innovation or else.
For the product shown, assume that the minimum point of each firm's average variable cost curve is at $2. Construct a demand and supply diagram for the product and indicate the equilibrium price and quantity.
Gruel is an inferior good. Hence, an increase in consumer income decreases the supply of gruel increases the supply of gruel decreases the demand for gruel increases the demand for gruel
A firm that owns a wheat farm, a grain elevator, a flour mill, a commercial bakery, and a grocery store chain is
How do you make a forecast for gdp growth rates unemployment and inflation that might be experienced in one year, three years and ten years from now. I have the current and past rates but do not know how to forecast out 1 yr, 3 yr, 10 yrs. Can you he..
Assume that price level is fixed in the short run so that the economy does not reach general equilibrium immediately after a change in thee economy.
Skill-biased technical change, through its effect on labor supply of skilled and unskilled workers, can generate an increase in wage inequality"
Expalin how does it estimate the demand for new products so that it can prepare a production run. Which is more important for your business: lower cost, quality, customer expectations, or some other feature.
In response to accounting scandals in 2002, the federal government passed legislation requiring that corporate directors have a certain level of expertise with financial information and mandating that chief executive officers personally certify
Assume that the Bank of China wishes to peg the rate of exchange of its currency, the yuan, in terms of the US dollar. In each of the following situations, should it add or subtract from its dollar foreign exchange reserves? Why?
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