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Q1. Suppose that businesses buy a total of $170 billion of the four resources (labor, land, capital, and entrepreneurial ability) from households. If households receive $88 billion in wages, $24 billion in rent, and $34 billion in interest, how much are households paid for providing entrepreneurial ability?
Q2. General Motors Corporation (a U.S.-based firm) produces a Saab vehicle in Sweden, and sells it in the United States. How does this affect Sweden GDP? How does this affect US GDP?
Q3. Assuming oranges operate in a perfectly competitive market, use a well-labeled demand and supply model to explain how market equilibrium price of oranges is determined.
how will Kristine s consumption pattern and welfare be affected
As per the mathematical laws that govern the relationship between average total cost and marginal cost, where must these two curves intersect.
The market where business sell goods and services to households and the government is called
How do prices, output, and profits differ between monopolies and monopolistically competitive firms.
Assume which the mix of fiscal and monetary policies is changed such which the money supply is increased by 100 while the government.
answer both question 1 and 2question 1consider an investor who has the von neumann-morgenstern utility
When government becomes heavily involved in tax-transfer activities, how will this involvement affect economic efficiency.
Nancy's price-offer path is horizontal. Explain how does Nancy's expenditure on good 1 respond to changes in p1.
Explain the main channels through which the Fed can influence economic activity. Which theory has provided a better model, Classical or Keynesian, when it comes to prediciting how money affects the macro economy? Explain
Consider the following multiplicative demand function where QD = quantity demanded, P = selling price, and Y = disposable income:
If the government imposes a tax on the production of cars, which of the following will occur in the market for cars.
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
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