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Classify each good as a final good or intermediate good. (briefly explain wach choice) 1. running shoes 2. cotton fibers 3. watches 4. textbooks 5. coal 6. sunscr
explain the effects of various injections and withdrawals and show the equilibrium in the circular flow
what is keynesian model
What was the total public debt outstanding on the same day in 2000? What was it in 2008?
casual factors of traditional business cycle and its effects on the sectors of the economy
what is the difference between demand and supply?
What are the comparative benefit The idea of comparative benefit defines that a nation must specialise in the industries in which it has a comparative advantage. Comparative be
George has been selling 5,000 T-shirts per month for $8.50. When he increased the price t0 $9.50 he sold only 4,000 T-shirts. What is the demand elasticity? If his marginal cost is
assumptions of opportunity cost
according to this example,how much value do each book contribute to the GDP? a) a forester chop down 100 trees and sell them @$100 to the paper and pulp factotry
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