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The circular flow of income model shows that
a)payments for resources and payments for goods and services flow in the same direction b)consumers supply resources and demand products c)producers demand products and supply resources d)revenue flows to households when they buy goods and services e)businesses are only demanders and households are only suppliers
Laura has an undergraduate degree in economics and has been working as a utility rate analyst at the local electricity utility. If she continues on her present career path, the present value of her lifetime earnings is $250,000. Calculate the discoun..
Population growth surges rapidly. Farmers are deciding what crop to plant and learn that the price of corn has fallen relative to the price of cotton.
With economic development comes each of the following, except;
A tsunami in Japan disrupts the production of Japanese-made cars. What is the impact on the market for new cars.
Economic rent represents
Researchers have found a hybrid of corn that is cheaper to grow. This technological break through
If policymakers want to reach full employment while maintaining balanced trade, what combination of monetary and fiscal policy should they use.
Assume we have a Hecksher-Ohlin model. There are two countries (US, Mexico) producing two goods (Ipads (I), Jeans (J)). Assume I is relatively capital intensive in production and the Mexico is relatively capital abundant (it’s possible). Answer all o..
Two countries will have zero incentive to trade if their production possibilities curves are parallel straight lines because One country has a comparative advantage in the production of both goods, thus providing that country with no incentive for tr..
Find the present worth at i = 20% per year for the cash ?ow series listed. (CF0 :$ 0 ,CF1: $ 0 ,CF2: $ -200 ,CF3: $-200 ,CF4: $ -200 ,CF5: $ 0 ,CF6: $ -89 ,CF7: $-89 ,CF8: $ -89 ). Which one is the correct answer?
The? Fed's liabilities plus coins issued by the Treasury make up the monetary base. ?Coins, which are issued by the Treasury are an asset of the Fed and a component of the monetary base. The monetary base is the sum of Federal Reserve? notes, coins, ..
More people in high-income countries than in low-income countries tend to believe that rapid rates of economic growth are not desirable. Which of the following best explains what is actually happening to real per capita GDPs of countries?
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