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The consumption function assumes that
A. only disposable income affects consumption
B. only the price level affects consumption
C. many factors other than disposable income affect consumption, and each is allowed to vary along the consumption function
D. Factors other than disposable income affect consumption, but those are held constant along the consumption function
E. only consumer expectations affect consumption
If the number of labor hours increases by 10% and the number of hours of capital used decreases by 10%, what is the percentage change in output.
Assume that demand for a commodity is represented by the equation P = 10 – 0.2 Q d, and supply by the equation P = 2 + 0.2 Qs where Qd and Q s are quantity demanded and quantity supplied, respectively, and P is the Price. Use the equilibrium conditio..
Suppose that in a year an American worker can produce 100 shirts or 20 computers and a Chinese worker can produce 100 shirts or 10 computers. Who has the comparative advantage in the production of shirts? What about for computers?
If a case is reversed and remanded, it:
Describe what observations and decisions might be made based on comparative labor costs. What countries, based on labor costs alone, might seem best to lower labor costs.
Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries?
The marginal cost to X Co. of supplying an additional tractor to a customer is $300. X Co. sues Mr. Y for breach of contract. How much damages should be awarded to X Co
Which type of unemployment is most likely to fall as a result of government policies that stimulate aggregate demand? The natural rate of unemployment never changes. Changing the discount rate is a tool of fiscal policy. Government demand-management ..
Jefferson Smurfit Company is a multibillion-dollar supplier of packaging materials. The tradesperson's action is typical of the corporation's trades philosophy
q.assume the working income tax benefit tops up a single individuals income by 25 percent of the amount that employment
q1. many small boats are made of fiberglass that is derived from crude oil. suppose that the price of oil rises.a.
demand p30-2qsupply p4qequilibrium priceequilibrium quantityown price elasticity of demand equlilbriumconsumer
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