Defined to include only imports of final goods

Assignment Help Business Economics
Reference no: EM1353218

Q. Should the measure of imports used in the GNP accounts therefore be defined to include only imports of FINAL goods and services from abroad? What about exports?

Q. You have chosen to take a trip during Spring Break. If you had not gone, you would either have worked at a temporary job or studied for exams. The opportunity cost of your trip is

 

Reference no: EM1353218

Questions Cloud

Approach appropriate for company forefront of technology : However, adopting a secondary approach where others adopt early and a firm learns from their mistakes is often a viable strategy. When is each approach most appropriate and why?
Mature and immature defense mechanism : Select one primitive and immature defense mechanism and one mature defense mechanism.
Determine the net cost of the call premium : Buchanan Corporation is refunding $12 million worth of 10% debt. The corporation's tax rate is 35%. The call premium is 9 percent.
Levels of organizational culture : Measure and they deal with organizational attributes that can be observed, felt and heard as an individual enters a new culture. What is it
Defined to include only imports of final goods : hould the measure of imports used in the GNP accounts therefore be defined to include only imports of FINAL goods and services from abroad. What about export.
Explain the hierarchy of plant structure : Explain the hierarchy of plant structure using the stem as an example organ and follow it through each stage until you reach the level of cell. Only use the vascular tissue systems.
How much work is done by the clerk : A jeweler working awith a heated 47 g gold ring must lower the ring's temperature to make it safe to handle. If the ring is initially at 99 C, what mass of water at 25 C is needed to lower the rings temperature to 38 c.
Chunks of code to give secure-reliable computing environment : How are many chunks of code from many organizations really going to work together to provide a secure and reliable computing environment?
Assessing personality structure : It can be used to specifically obtain information for diagnostic purposes as a way of identifying emotional problems and assessing personality structure.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd