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Determine the categories of finished goods
Finished goods in the goods market are divided into 4 categories: private consumption going to private sector, public consumption for government (health care, defense, education and so on), investment going to firms and export to rest of the world. To this flow we should now add imports from the rest of the world.
Statics and Dynamics Economic models deal with stock and flow variables. These variables can be in one of the two states - equilibrium or disequilibrium - at a particular poin
Is it true that government revenues are increased because of lower tax rates? Ans) It is true to a point. The Laffer curve determines that revenues enhance as the tax rates rise
Given the above trade between the two countries, explain the trade effects on product prices, and factor incomes. Why do these effects occur?
Movie attendance dropped 8 percent as ticket prices rose a little more than 5 percent. What is price elasticity of demand for movie tickets? Could price elasticity be somewhat over
define business cycle
i have an assignment i need it to be done by thursday march the 10th before midnight
Explain how changes in the quality of healthcare will influence the demand for care.
factor for long run trend of term of trade
Critically evaluate measures used by governments and central banks to manage the economies of their countries. By critical evaluation use convincing arguments for or against measur
disuss with an aid of a diagram the kinked demand curve
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