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a) Discuss the effects of the strong increase in Australian exports, leading to a strong increase in GDP on the equilibrium wage and employment level of an economy
b) Discuss the effects of the breakout of a new disease leads to a strong fall in consumer and business confidence, leading to a strong fall in overall production on the equilibrium wage and employment level of an economy
Observe the characteristics which influenced the buying behavior of each person interviewed. Based on the people interviewed
What are the components of GNH and GDP? Which measure, GDP or GNH, is easier to compute? Which measure uses more logical assumptions to measure economy's performance?
The long-run equality of price and minimum average total cost means that competitive firms will use the most efficient know technology and charge the lowest price consistent with their production cost. That is, the firm will achieve productive effici..
What are the highest and lowest payments from the writer that the beekeeper=farmer team will accept for the sixth day Assuming that the farmer can dispose of $7 of the writer as she wishes, what range of payments will the beekeeper accept
What are some real or potential effects of public debt on income distribution, economic incentives, fiscal policy, and private investment
Describe the current status of Real GDP and unemployment rate and inflation rate.
Discuss what GDP is and what it measures? Discuss what the shortcomings (limitations) of GDP as a measure of well-being and welfare of a nation are?
Some economists did a study of market for economists in Britain. They discover that the quantity demanded was about 150 per year, and that the quantity supplied was about three hundred per year
1. Technological improvement leads to increases in factor productivity but does not contribute much to the growth of aggregate real income for a nation.
Discuss the reason why governments might want to intervene and how they might do- with respect to the following "problem" in the functioning of an otherwise perfectly-competitive ("pareto-efficient") economy:
Arrow now sells 100,000 silk shirts at $100 each. The material per shirt expense $40 and labor costs are $50 a shirt. The company has $1.2m. In fixed costs.
Consider your last big purchase such as a car, appliances, home repairs, home purchase, computer equipment, college tuition, or another "big-ticket" item.
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