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Why do economists include only final goods and services in measuring GDP for a particular year? Why don't they include the value of used goods, i.e. cars, furniture, etc., bought and sold? Define net exports. Explain how US exports and imports each affect domestic production. How are net exports determined? Explain how net exports might be a negative amount.
Supply and Demand in the Cell Phone Market. As wages increase for Apple Workers, what happens to the price and quantity of iphones? As the price of drone phones decrease, what happens to the price and quantity of iphones? If the government taxes cell..
Discuss the income-distribution effects of trade a) between countries (HINT: terms of trade) and b) within countries (HINT: Samuelson).
A piece of research equipment is expected to require an investment of $18,000, with $6,000 committed now and next year $7000 while the remaining $6K will be pay out at the end of year 2. Annual operating costs for the system are expected to start in ..
If the required reserve ratio were .25, then a $8 million increase in H ("high-powered money") from the Fed could lead to an increase in the money supply by as much as $____ million.
Why has the application of the World Bank's standard Structural Adjustment Policies been counter-productive in many developing countries?
What impact would a rise in consumer income have on the demand for cars?
Japan, one worker can make 5 tons of rubber or 80 radios. In Malaysia, one worker can make 10 tons of rubber or 40 radios. Calculate the opportunity cost of producing 10 additional tons of rubber in Japan and in Malaysia. Which country has a comparat..
q1. for each of the determinants of demand in equation identify an example illustrating the effect on the demand for
Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6,000 units of o..
How will the Fed's relatively recent authorization to pay interest
How did restrictive mercantile policies lead to an early Industrial Revolution in Britain, when they led to several other nations collapses on Continental Europe?
Billie Joe loves Krispy Kreme donuts and coffee. Billie Joe likes to eat 3 donuts (D) for each cup of coffee (C) he drinks. His utility function is: U = min(0.333D, C). he price of each donut is $0.60 and the price of coffee is $2.20. Given Billie Jo..
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