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How is consumer surplus defined and how does it relate to free services such as internet platforms like Google.
Explain how would your answer change if you also noted that the biggest declines in the unemployment rate occurred.
During the 1990s, Western Europe experienced high rates of unemployment, while in the US, rate of unemployment remained far below natural rate.
How do you think this would affect the ratio of international asset trade to GNP for Home and Foreign?
Illustrate what can you infer from this data about the rate of labor productivity growth in the US economy during this period.
In your opinion, what type of market structure do Australian Banks operate in? Justify your answer with reference to the above article, research and theory
Suppose you are running the food concession at the athletic events for your college. You sell hot dogs, colas, and potato chips. What are your inputs of capital, labor, and materials If the demand for hot dogs declines,
Suppose two countries E and F use many inputs. Country E exports tractors and imports televisions. Assuming there are no economies of scale, which of the following statements is true? a) If the countries did not trade, then E would have a lower op..
Gruel is an inferior good. Hence, an increase in consumer income decreases the supply of gruel increases the supply of gruel decreases the demand for gruel increases the demand for gruel
Illustrate what is the efficiency factor. Elucidate these factors in terms of the production possibilities curve.
Using the data provided above, determine if the Hernandez Corp. is using a cost minimizing combination of inputs. Explain your answer/show your work. If your answer is no, how should the input combination be adjusted.
Clothing co. sells 30,000 units of blazers at £4.80 per unit in 2012, and 36,000 units of trousers at £6.00 per unit in 2013. (a) Calculate the following values for trousers for 2013 with 2012 as the base year:
Create a chart that compares and contrasts the theories including the main theorists, a selection of countries using each model, and a summary of where the economic power lies (i.e., people, market, government).
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