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Which of the following is included in the calculation of GDP?
A. The purchase of a new edition of a foreign textbook that was produced in a different nation.
B. The purchase of ink and paper supplies by a textbook company for the production of new textbooks.
C. The purchase of tutoring services from a tutor who holds citizenship outside the country but resides within the country.
D. The purchase of a used textbook from a friend who took the same class last year.
When inflation occurs some economic agents gain and some lose. Who would gain and lose if deflation occurs? Why? What will happen to interest rates and investment according to Keynesian and Classical/ Monetarist theories? Is inflation still a possibl..
Elucidate why a firm might want to produce its good even after diminishing marginal returns have set in and marginal cost is rising.
How does this change the value generated by the market? Why do you say this? Where does this appear in your graph.
Using our best data-based guesses about real-world elasticity, the demand for loanable funds curve is probably rather ______________ and the effects of crowding out are likely to be ___________. The theory of Ricardian equivalence
q. consider a market for an electronic component used in airport radar systems. two firms hold a patent on the
Corporate officers in the United States are subject to high accountability standards and harsh penalties under the _____ Act.
At the height of the popularity of high protein diets like the Atkins diet (which encourage larger consumption of meat products at the expense of carbohydrates and sugars), what kind of effect did you expect to see on the equilibrium price and quanti..
Calculate the equilibrium buyers' and sellers' price with no sales tax, and then with the 20% tax. Explain how answer illustrates the principle that less responsive side of the market will pay more than half the total cost of sales tax.
Apple feels it is a price leader in the mobile phone market with all the other producers acting as followers. The total demand for mobile phones is given. If Apple wants to maximize profits, how many mobile phone units should they produce? How much s..
The marketer should examine the more complex effect of geography upon general market characteristics, distribution systems, and the state of the economy. Why? Discuss how this will impact the success of the marketing campaign.
Please define monetary and fiscal policy. What are the key components of each policy? List several strengths and weaknesses of each. Based on what you have learned in class, which policy is more appropriate to manage economic performance or an econom..
The notion of sustainability is not the same in the natural sciences as in economics. In the natural sciences, sustainability frequently means maintaining a constant physical flow of each and every resource (e.g., fish from the sea or wood from the f..
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