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Assume that a grower of flower bulbs sells its annual output of bulbs to an Internet retailer for $70,000. The retailer, in turn, brings in $110,000 from selling the bulbs directly to final customers. What amount would these two transactions add to personal consumption expenditures and thus to GDP during the year?
Explain how does the trade deficit affect U.S. economy. Explain how does it affect the firm or organization you work for.
The developing country uses the $100 bank balance to import $100 worth of food from the United States (US).
Elucidate how Illustrate what occurs to demand for L1 when w2 increases. Illustrate the scale also substitution effects.
Illustrate what does this mean for the survival of small firms in the industry.
Elucidate how does a industry conclude its prices also the quantity of labor required in the resource marketplace during a specific period
General Cereals is using a regression model to estimate the demand as well as for Twee tie Sweeties, a whistle-shaped, sugar coated breakfast cereal for children.
with the aid of a diagram explain how a floating exchange rate is determined. Explain how will a depreciation of the rand influence our exports and imports.
Elucidate the most likely reason the city council in New York City consistently denies licenses to independent van drivers selling rides to the public.
Oil and gasoline prices are a concern in the United States. Why does this economic problem exist from a supply and demand perspective, what can be done to improve resource allocations.
Explain the concept of more is better satisfied for both goods. Elucidate as C increases the MUC increase, decrease or remain constant.
What value of y survives as a solution if all firms are competing for high ability workers.
Elucidate how an economist could use the slope of the yield curve to analyze the probability that a recession will occur and why the spread may matter.
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