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In the circular economic flow diagram, households:
A. Make consumption expenditures and pay for land, labor, and captial
B. Make consumption expenditures and receive goods and services
C. Buy resources and receive goods and services
D. Receive revenue and supply resources
Choose whether to hire a new person in the marketing department or upgrade your computer system.
q1. explain how is the transfer cost s of an intermediate product find out d whena there is no exterior market for
The average adult produces $75,000 of output per year, Explain how much output is lost as a result of deaths from secondhand smoke, according to the News given below.
The wage elasticity of labor supply for men aged 18-25 is measured to be 0.3. Within this group, the average weekly wage of the high school graduates is 2/3 the amount of college graduates. Assume that wage elasticity and all other individual charact..
The short-run and long-run effects of this change for the levels of per-capita output, and the growth rates of (total) output and per-capita output.
Suppose that the adult population is 152 million, the number of unemployed is 19 million and the labor force participation rate 63%. What is the unemployment rate?
Both antritrust policy and industrial regulation deal with monopoly. Illustrate what distinguishes the two approaches. how does government decide to use one form of remedy rather than the other.
Illustrate what other additional information do you need, and how would you proceed if you had that information.
What is the average inflation rate. Explain how would inflation be different if real income growth were higher.
The relevant cost in economic decision-making is the opportunity cost of the resources rather than the outlay of funds required to obtain the resources.
Suppose the authorities are considering either a tradable emission permit system, in which they give half the permits to each firm, or a tax system. If both systems work perfectly, how much will the firms have to pay, in total, for pollution reductio..
For a profit maximizing monopolist, _____. In contrast, for a profit maximizing perfectly competitive firm, _________.
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