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Respond to the following discussion questions.
Apple has chosen to have the components for the iPhone manufactured by more than 30 companies around the world, as opposed to producing everything itself.
Address the three basic economic questions: How does this choice determine what, how, and for whom these goods and services are produced?
Does the fact that Apple outsources so much of its labor affect your decision to buy Apple products?
For U.S. consumers and producers, what are the pros and cons associated with Apples decisions to outsource production?
Explain using the money market graph, what happens when (1) the price level (CPI) goes up, (2) when the discount rate is lowered and (3) when the Fed sells more bonds on the market. What will happen to the equilibrium interest rate in each case.
george has been selling 5000 t-shirts per month for 8.50. when he increased the price to 9.50 he sold only 4000
The cost measure sellers use to determine whether or not to produce the optimal (i.e. profit maximizing) level of output is:
What is one explanation for why this labor supply curve is upward sloping?
Discuss in your opinion what you feel were the major positive and negative impacts of Big Business on the U.S. economy.
q. imports of peanuts into the united states are subject to a quota set at about 1.7 million pounds per year.a.
The actual multiplier effect in the U.S. economy is less than the multiplier effect in the text examples because: the real-world MPS is larger than the MPS in the examples.
Through international specialization and trade, a nation can reduce its opportunity cost of obtaining goods and thus ‘move outside its production possibilities curve.’”
Suppose that a calculator company operates in a perfectly competitive marketplace producing 5,000 Calculators every day.
If a country's currency's external value is tied or pegged to the currency values of the country's leading trading partners, this arrangement
Sales and profits for a new product are uncertain. The predicted sales may be as high as 10,000 units per year with a probability of 10%. The most likely value is 7,000 units per year. The pessimistic value is estimated to 5,000 units per year with a..
illustrate what was the size of the economy's recessionary, inflationary gap
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