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Q. If government increases expenditure by $10 billion, could total GDP increase by more than $10 billion? Explain.
Q. Do increases in gross domestic product necessarily translate into improvements in the welfare of citizens? Explain your answer.
Q. Your 'income' has recently dropped from $60,000 per yr to $45,000 per yr. You have come to realize which you are only buying 3 bottles of wine a week now whereas you utilized to buy six bottles of wine when you made $60,000 a yr. Given this situation you would describe wine as a:
A physician's office expenses increase 10 percent so she decides to raise the price of office visits by that much. Assuming the demand curve for office visits does not shift, what will happen to the total number of office visits and practice reven..
Provide an example of a specific industry that you believe fits the model also elucidate your rationale.
Marginal rate of substitution between leisure as well as labor as well as the marginal product of labor in the Robinson Crusoe model.
Why might price collusion occur in oligopolistic companies. Evaluate the economic desirability of collusive pricing.
The Texas Transportation Institute at Texas A&M University conducted a survey to determine the number of hours per year drivers waste sitting in traffic.
The congestion fee was raised to £8 in July 2005. Illustrate the new equilibrium point on your graph also assuming new charge is now optimally set.
Determine also show how much these firms will sell and what they will charge.
Assessing the development of the discipline from today's perspective, how would Keynes's impact compare with that of your candidate.
Describe the four successful round of venture financing (Through D) achieved by spatial Technology in terms of sources also amounts.
Clarify why might the Homo sapiens production possibilities curve have shifted outward to right much more rapidly than persons of Neanderthals.
Illustrate what is the economy's MPC? It's MPS. Illustrate what was the APC before the increase in disposable income.
Carefully explain the concept of the reaction function in duopoly analysis.
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