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In 2019, Chinese online retail sales were $1.5 trillion, representing a quarter of China's total retail sales volume, and more than the retail sales of the ten next largest markets in the world combined. Explain why online retail shopping thrived in China over the last two decades.
What has happened to income inequality in the United States since the end of the Second World War in 1945 and what evidence can you provide?
The supply of labor generally is considered to be downward-sloping because the opportunity cost of leisure decreases as wages increase. The marginal income tax rate is a person's tax burden as a percentage of total income. The recession that began wi..
If Sally nominal interest rate is 5 percent and she has 15 percent probability of having cash lost and she spends 10 dollars each day and has the total cost
(a) Describe the two key attributes of a monopolistically competitive market in the short run.
q.the production department of a firm reported the following information for the month of may 2005.rs. wage bill 20000
Unusually good weather which improves crop production also a major oil discovery are examples of unexpected supply shocks in the economy
A certain waste water treatment unit process costs $50000 to purchase and install and will cost $500 per year to operate. Given an interest rate of 4.00 percent, what is the net present value of this scenario? Assume a 10 year design life. Limit answ..
Draw a diagram showing how agricultural price subsidy is given to farmers through establishing a price floor. Why economists consider this policy as inefficient? After all we support our farmers and prevent them from becoming bankrupt. Is there a be..
What level of the unemployment rate was believed to represent full employment by Walter Heller while serving as chair of the Council of Economic Advisors?
q. the tax reform act of 1986 contains a clause appropriating tax dollars for any taxpayer incorporated on september 7
The problem below asks about the oil price increase from 1973-1980. We have also seen this in 2005 and 2010, although not as dramatic a price increase. During this energy crisis, Congress considered imposing an “excess profits” tax on oil companies. ..
Compute the amount of taxes at natural GDP. Compute the N.E.D (Natural Employment Deficit/Surplus). Express as a percentage of the natural GDP (YN). Policymakers decide to reduce the size of the N.E.D (natural deficit) by 8% of the natural GDP. What ..
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