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National income statistics, such as the GDP, and are often talked about in the media when discussing the national economy.
Why do economists use models? Can complex real life labour markets be modelled by the efficiency wage model?
Suppose Mark invests a sum of $100,000 in a new venture. To fund his investment, Mark withdraws $50,000 from a savings account paying 10% per year and uses the proceeds from a bond that has just matured worth $50,000. If he had reinvested the proceed..
In 2012, a group in Germany proposed a “wealth tax” -- on building, machinery and equipment—that would be levied on all employers having at least $1.4 million invested in such assets. Use the labor market theory learned in this chapter to analyze the..
The Bank Negara has relaxed some of the quantitative and qualitative tools to ease credit access. Comment on the type of inflation this will cause?
What is meant by procedural programming? What are the advantages of object-oriented programming?
A company manufactures several products. The fixed costs assigned to Product 'A' are $8,000 per month. The variable costs are $4.00 per unit produced. The per unit price (p) at which this product can be sold is related to the quantity sold per month ..
Gross Domestic Product involves a calculation of the total value of the goods and services generated within an economy in a stated or identified time period. The main difference between real GDP and nominal GDP is that nominal GDP does not consider h..
Explain the law of diminishing marginal productivity and why the law tends to hold in the short run.
If a country's Central Bank purchases assets (e.g., bonds from banks), the economic result is:
Despite a great marketing campaign or despite a very poor marketing campaign, a simple jingle or tag line is often enough to keep the brand memorable. Does a tag line/jingle have the ability to help, or would even be appropriate for each mega brand i..
Does the efficient market hypothesis really work? Please break down why it does or does not work in your opinion.
Which of the following is likely to occur when copyright laws are enforced?
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