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Economists use the word "capital" to mean
a- purchases on the market for stocks and bonds
b- the workers that firms employ to produce goods and services
c- people's skills and talents.
d- the tools, instruments, and other produced goods used to produce goods and services.
e- the funds that firms use to buy and operate their businesses
How do the GDP per capita change after accounting for price indices. Why is it important to use price index adjustments.
q1. choose a real-life example of a firm that you think is part of an oligopoly market and describe the characteristics
the impossible trinity refers to the idea that a country can simultaneously pursue only two of the three following
What could be done to motivate people to spend more so as to increase aggregate demand and invariably, create employment possibilities.
you estimate that the price elasticity of demand for clinic visit is -0.25. you anticipate that a major insurer will increase the copayment from $20 to $25. This insurer covers 40,000 of your patients, and those patients average 2.5 visits per y..
Howard Bowen is a large-scale cotton grower. The land as well as machinery he owns has a current market value of $4 million.
Why is a point below the production possibilities curve less efficient than a point on that curve?
How do your previous answers change in the special case where cash demand does not depend on the expected rate of inflation
Illustrate how do these two relate to each other in the Circular Flow Economy and to the Government and Foreign Sector components? How does all this fit on a Wheel of Income.
Instead of imposinga tariff, the government reached an agreement with foreign suppliers to "voluntarily" limit the portable radios they export to 1,250 per year. What is the deadweight loss resulting from this agreement?
Which of the following is not a necessary precondition for economic growth?
An individual has an income of $1000 per month with which they buy the composite good with a price of $1 and food with a price $2/unit of food. draw the budget constraint for the individual with the composite good on the y-axis and food on the x-axis..
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