Activities affects government

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Reference no: EM137911

Q. Consider the following examples of economic activities:

purchasing of groceries

massive layoff of employees

decrease in taxes

Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.

Q2. Suppose that the price of a bottle of vitamins is $1.33 and that at that price the total quantity demanded by consumers is 75,000,000 bottles. How many firms will there be in this industry?

Reference no: EM137911

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