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Apple produces an iPhone in China that it sells in the United States. It uses $100bn (USD) in US made parts to produce the product, and assembles the iPhone completely in China for $50bn USD. It then sells this product to the consumer in the US for $325bn USD. How much did Apple contribute to US and Chinese GDP?
Suppose that low-skilled workers employed in clearing woodland can each clear one acre per month if each is equipped with a shovel, a machete, and a chainsaw. Clearing one acre brings in $1500 in revenue. what will the firm’s economic profit or loss ..
Federal excise taxes on gasoline vary widely across the developed world. The United States has the lowest taxes at USD $0.40 per gallon (or £0.07 per liter); Canada has taxes of $0.60 per gallon, Japan and much of Europe is $2.00 per gallon, while Br..
Which of the following occurs when a market is efficient?
Draw the demand and supply graph for each of the following situations: 1) Sellers drop out of the wedding photography business 2) Gas prices decrease 3) Fans become more supportive of pro soccer 4) Hockey fans experience a decline in income 5) A book..
q1. suppose that ike is loss averse. in the morning ikes stockbroker calls to tell him that he has gained 1000 on his
"I'd rather have a 1% pay cut when prices fall by 3% than a 5% pay increase when the rate of inflation is 8%." This is an example of: Irrationality, Rising real wage, Deflation always being better than inflation, Excessive aggregate demand.
Your business provides CDs for free to customers who pay for the English courses that you offer in Mexico. You consider the idea of mass production of the CDs in the U.S., so that you can sell (export) them to distributors or to retail stores through..
q. consider the following examples of economic activitiespurchasing of groceriesmassive layoff of employeesdecrease in
Suppose that a company offers quantity discounts. If up to a 1000 units are purchased, the unit price is $10; if more than a thousand and up to 5000 units are purchased, the unit price is $9; and if more than 5000 units are purchased, the unit price ..
Ginny is working for a marketing firm making $50,000 per year but considers starting her own marketing company. Ginny has determined that to launch the business, she needs to invest $80,000 of her own funds. which means that she will have to quit her..
Values are "ideal" consisting of ideas that we believe to be good and what we should do. What happens when people violate values, failing to practice what they believe in?
What is the expected return of migrating to the city? Show your work. Determine whether the individual should migrate to the city or not. Show the criteria used in making his decision.
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