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Question: 1. Explain the difference between total product and marginal product.
2. Describe the three stages of production.
Illustrtae what should the arbitrageur do. Suppose that the cost of storing gold is zero and that gold provides no income.
Anyone to help me with this question. Quickly please. How is the circular flow model useful?
How trade deficits or surpluses can influence the growth of productivity and GDP. Analyze how monetary policy could influence the long-run behavior of price levels, inflation rates, costs, and other real or nominal variables.
Explain how did the economic policies of developed countries after the second world war differ from their policies after the first world war? the "policies referred to here are those which most directly affect international trade.
Explain what determines the shape and position of the short-run aggregate supply curve.
What is the composition of GDP by percentage, what is the GDP per capita and If government purchases go up in the short run, what happens to GDP?
If the government imposes a quantity tax on the consumption of a good, it means that the consumer has to pay for each unit of the good its price plus the tax.
GDP less the part of the years output that is needed to replace the capital goods worn out in producing the output; the nations total output available for consumption or additions to the capital stock is known as?
To what extent can monetary policy be used to affect output in a fixed exchange rate regime? Explain.
Recent tax reforms make college tuition partially tax deductible for certain families. This should motivate more people to attend college. How will this higher demand for a college education affect tuition prices? how will it affect the cost of the t..
Illustrate what is the short-run equilibrium real GDP and price level. Does Japan have an inflationary gap or a recessionary gap and what is its magnitude.
Marketing refers to the four P's in duscussing firm strategties. Why do you think price is the most powerful and important P that the firm has at its disposal What makes it so much nore attractive as a tool as compared to the other Ps
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