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Assume that Country A has a population of 500,000 and only produces one good: cars. Country A produces 100,000 cars per year. The people in Country A purchase 90,000 cars, but there are not enough cars to fulfill all the demand. They decide to import 50,000 more. The government buys 25,000 cars for its police force, and 10,000 cars are bought by companies to transport employees to other locations to work. They also export 65,000 cars to nearby countries for sale.
the economic staff of the u.s. department of the treasury has been asked to recommend a new tax policy concerning the
Determine GDP,NDP,GNP,NNP,NI,PI,DI,S. Comment on savings magnitude that you have determined.
topic research and evaluate sustainability economic and sustainable agriculture.you may consider evaluating a current
A paper mill is considering two types of pollution control equipment. Neutralization - Initial Cost: $700,000, Annual Chemical Cost: 40,000, Salvage Value: 175,000, Useful Life, in years: 5
write a 350- to 700-word essay comparing the similarities and differences between virtue theory utilitarianism and
The companies in the detergent market closely fit the mold of the monopolistic competitive firm. Research the company in this market and describe how it fits some of the characteristics of the monopolistic competitive firm.
Explain the law of diminishing returns in your own words. This idea can be applied to other concepts in economics. Think about your own utility from consumption. Give a personal example of diminishing utility.
japan has had a low inflation rate measured at 0.1 per year while venezuela and iran have experienced inflation rates
draw an aggregate production function with typical shape and label it f. make sure to label the axis of the graph. now
a. Given the following chart and information fill in the missing values. Please write on a separate sheet. Note that r = $50 and w = $100. Use a price of $5.50.
bayer schering pharma ag germany owns the alka-seltzer which was launched in 1931 and was meant for relief of minor
You and your rival must simultaneously decide what price to advertise in the weekly newspaper. If you each charge a low price, you each earn zero profits. If you each charge a high price, you each earn profits of $3.
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