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a) In light of the underground economy, and other shortcomings of using GDP as a measuring rod, do you think the government should include estimates of the underground economy in its GDP calculations? Discuss the pros and cons.
b) Describe the opportunity cost when you decide to watch a movie instead of studying for an exam.
Explain International Monetary System
Nestlé builds a new production factory in Bulgaria to produce Kit Kat chocolate bars (Kit Kat bars are produced by Nestlé in 17 different countries)
Assume a tax of t=$2 is attached to each unit exchanged in market. calculate the new market equilibrium and the deadweight loss from this change.
(i) Calculate the net VAT due to be paid by LM on the perfume consignment. (ii) Calculate LM's net profit on the perfume consignment.
Independent of #1 above, Atomic Rooster sets a unit sales price of $8 and customers purchase 1,000 copies. Then they raise the price to $10 and customers purchase 600 copies.
What will be the effect of this change in policy on both the real and the nominal interest rate in the long - run?
1. economists have announced that the country is experiencing aninflationary gap. what economic symptoms or indicators
Please make sure you have a thesis (a main point that you are making) and develop it thoroughly and coherently. Use specific examples based on empirical evidence (from research, direct observation and experience) and clear standard English.
Identify and describe the primary economic decision makers. Describe how money and resources are exchanged in the resource market, indicating.
Describe what you think are three of the most important risks to a corporate environment and what types of mitigation or remediation could be put in place to prevent these risks.
Illustrate what role does economics play in your personal decisions and or those of your organization.
what are the implications of market structures for buyers ? ............ and give examples ......... ltbrgt ltbrgt
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