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Explain why do economists attempting to forecast short run future changes in real GDP and employment look closely at information on business inventories and unfilled orders? What conclusion could be drawn if the volume of unfilled orders and average length of delivery times decreased while inventories increased dramatically?
explain international trade wars can take place and competition among nations is reduced.
Bada Bing, Limited. supplies standard 256 MB RAM chips to the US computer and electronics industry. Like output of its competitors, Bada Bings Chips must meet strict size, shape, and speed specifications.
The following table provides data about the economy in Argentina. Column A is the year, Column B is real GDP in billions of 2000 pesos, and column C is the price level.
A company in a purely competitive industry is currently producing 1000 units a day at a total cost of $450. If the firm produced 800 units per day, its total cost would be $300.
Which of the following nation would you expect to have intertemporal production possibilities biased toward current consumption goods, and which biased toward future consumption goods.
Illustrate what value for r is optimal for the seller, and what then is the seller's expected profit.
Explain how are the slope of a production possibilities frontier and the opportunity cost of the goods related.
A monopolist faces the demand curvep =11 - Q , where Q is measured in thousands of units. What is the monopolist profit maximizing price and quantity? What is the profit?
Illustrate what effect would a period of rapid inflation likely have on the role of money.
Until the twelfth century, Latin was the language used between the educated and within literature. Research and report on the origins of vernacular language, and its spread. Assess and evaluate the impacts the spread of vernacular languages on cul..
Elucidate a firm competes in the market. Does the firm engage in price or non-price competition
Describe why population growth has such a negative impact on economic growth in Malthusian and Neoclassical growth models.
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