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If a competitive industry is currently suffering economic losses then what can be expected to happen to the number of sellers, the price of the product, the volume of output and losses in this industry over time?
(a) How many more people would be working? Instructions: Enter your response to one decimal place. million (b) By how much would output increase if per worker GDP were $109,000? Instructions:Enter your response as a whole number. $million
Suppose you have $2000 in currency in a shoebox in your closet. One day, you decide to deposit the money in a checking account. How will this action affect the M1 and M2 definitions of the money supply?
Assume the demand and supply for milk are described through the following equations: QD = 600 - 100P; QS = -150 + 150P, where P is price in dollars,
Trade occurs because of differences in the availability of factor inputs across countries and differences in the proportions of those factor inputs used inproducing different products.
imf warning over slowing growththe global economy may face a marked slowdown next year as a result of the turmoil in
The total cost for the first method at output in Q1 is £1,485,000. State the total cost for the second method at the same output?
It cannot be as the inflation by definition real wages have factored inflation in.
Which would NOT be advocated by modern conservatism Free markets , Small governments ,Laissez-faire economics , Welfare programs , Reliance on tradition.
What do we mean by regulartory capital in the context of banking?
If a bank's reserve ratio is increasing then what would be happening with reserves and deposits. This is in regards to macroeconomics.
Leaving aside any normative issues involved in this discussion,what would happen to the level of demand for union workers in theU.S. if the anti-sweatshop movement is successful?
Heinrich plans to lease a sports car for the next 3 years. His first choice requires $3000 at the time he picks up the car and then payments of $400 at the end of each of the following 36 months. Heinrich discounts future payments at a rate of 15%..
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