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Indicate whether each of the following is counted in this year’s GDP:
You bought a new Wii at GameStop last year and resold it on eBay this year.
You purchase an “Investing for Dummies” book at Barnes and Noble.
You purchase a historic home using the services of a real estate agent.
You detail your car so it is spotless inside and out.
You purchase a new hard drive for your old laptop.
Your physical therapist receives $300 for physical therapy but reports only $100.
what is the diamonds water paradox and how is it
Discuss the elements the led to the successful northern commercialization of agriculture and the differences between the northern commercialization and southern commercialization of agriculture.
Use the market relates to vertically integrate as: "Upstream" relates to "downstream". "Transaction costs" relates to "agency" and "influence costs". c. "Buy" relates to "make".
Suppose the distribution of innate ability is distributed symmetrically throughout a population but which the wage distribution is positively skewed.
An examination of the right of an individual to health care and the impact health care funding can have on social welfare - Jennifer Jonh-Yar Bukrs is now an advocate of privatization of health care.
Select one of the following schools of economic thought: Keynesian, Chicago, and Austrian. Identify three keys points or beliefs that are held by that particular school. What are the macroeconomic policy implications of those beliefs? Explain your an..
Electrocomp incurred an oversupply of fans in the preceding period, management also insists that no more than 80 fans be produced during this production period. Resolve this product mix problem to find the new optimal solution.
Discuss how you would explain what this class was about to a friend of yours pondering taking the same class.
Suppose that the U.S. government decides to charge cola consumers a tax. Before the tax, 25,000 cases of cola were sold every week at a price of $7 per case. After the tax, 18,000 cases of cola are sold every week; consumers pay $8 per case (includin..
Consumption per worker is 72, depreciation is 12.5%, and capital per worker is 64. Given the production function y = 20 , show that this economy is in a steady state.
Sketch a simple T-account for First National Bank which has $5,000 of deposits, a required reserve ratio of 10 percent, and excess reserves of $300. Make sure you balance sheet balances.
Illustrate what cost as well as quantity will result once the patent expires and competition emerges in this market.
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