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Question: Explain the concept of opportunity cost and use it in an example?
The government purchases component of GDP does not include spending on transfer payments such as Social Security. GDP does not also include the value of used goods that are resold.
An economists have estimated the subsiquent transportation elasticities.
1 a discuss the advantages and disadvantages of free international trade.b assume that two countries are competitors in
For the past few years, the value of the US dollar has revealed a falling trend. What could be the possible implications of the economy with this falling?
Explain the theory behind the traditional short-run Phillips curve and draw the traditional short-run Phillips curve.
Draw a current budget constraint for an assumed single mother (net of child care costs) who loves leisure. Draw the new constraint. Discuss the likely effects on labor force participation and hours of work.
The problem is belongs to Economics and it is explore about the price rise of a barrel of oil. Based on aggregate demand and supply, a diagram needs to be drawn to show the short run and long run effects on the Australian economy.
What are the key differences between relationship selling and traditional methods of selling? Which types of products or services do you think would be conducive to relationship selling.What are the main forms of trade sales promotion.
If planned investment increases by nine dollars and disposable income increases by ten dollars, what is the marginal propensity to consume?
government consumption in our model is simply a waste that is it does not affect anyones utility or affect the
In Collegia, a small college town, the market for parking spaces is in equilibrium at a going price of $5 a day. There are 1,500 spaces and they are all sold every day with no unsatisfied buyers. Now the college takes in 200 more students, each of..
If a nation desires to have stable prices (or low inflation), why not simply pass a law that prohibits firms from changing prices? Explain the pros and cons associated with this case.
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