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Explain how one of the components of the GDP would help you to predict the amount of inventory to keep in stock if you were the owner of a retail store and were placing a merchandise order for the next few months.
Why will resources specialize according to their comparative advantages. Explain why will this specialization increase production.
Explain how a change in investment can have big impact on GDp causing nationwide slump. Recall that investment is "small' relative to the whole economy.
Calculate the equilibrium real wage rate and the equilibrium quantity of labor. Suppose that the nominal wage rate equals 60. In the short-run, aggregate demand and aggregate supply are equal at a price level of 1.0. Compute the real wage rate.
Suppose that in small open economy the following describes investment demand, private saving, and government budget deficit.
Describe the present economic crisis situation in Europe. Why has it been so difficult for the Europeans to find a solution to this problem? Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..
Bassett furniture made to close all manufacturing plants in North Carolina, USA and outsource their furniture production to manufacturing plants in China.
Describe implications for pricing of batteries, brakes and oil changes on the sale of tires.
The table below shows the marginal utility a costumer would get by purchasing various quantities-What combination of the three products should be purchased in order to maximize utility?
How is interest rate described? Why is there a lower present value of goods to be delivered in future? What are their respective interest rates? Illustrate the adjustments which you think will ensue.
Illustrate what are the three major categories of revenues for the federal government. Please comment on each and indicate their relative importance to each other.
Outline the extent to that you expect regional economic integration to occur in Europe, Asia.
Elucidate how does each challenge the other and improve on previous work.
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