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Suppose that nominal national income in some country increased by 10% during the year, when inflation was 5%. Therefore, the real national income rose/fell by how much?
A real estate developer is planning to build an office complex. Currently, there are three office sizes under consideration: small, medium, and large. Small offices can be rented for $600 per month, medium offices can be rented for $750 per month, an..
Explain how specifically can GDP be adjusted to better measure well-being.
Integrating problem Samantha Roberts has a job as a pharmacist earning $30, 000 per year, and she is deciding whether to take another job as the manager of another pharmacy for $40,000 per year or to purchase a pharmacy that generate revenue of $200,..
What is crowding out? Can it hurt private industry? What else can occur that might cause private industry great problems?
Unions tie the hands of management and inhibit efficient decision making. Unions contribute to economic efficiency in that union wage pressure hastens the weeding out of the high-cost, least efficient producers in each industry.
As alliances mature, managers are likely to face complex issues about how much individual members must conform to and place alliance interests ahead of their own. Further, there may be conflict about how to distribute the benefits (resources) that al..
Explain the importance of the BACKUP TABLE statement and the RESTORE TABLE statement. When are they used?
Consider again the 2 countries in the previous question. Suppose the U.S. and Mexico do not trade goods at all, but workers can move freely between them. Will free movement of labor have a similar effect on real wages as free trade of goods? Explain.
Calculate the equilibrium level of income or real GDP for this economy. b. What happens to equilibrium Y if I changes to 10? What does this outcome reveal about the size of the multiplier?
The type of planning conducted on a long-range basis by top managers is usually called
Immigration Issues – immigration issues have played a large part in U.S. domestic policy and in the current presidential campaign. What should U.S. immigration policy be? Given immigration limits, how should the U.S. decide which people to admit?
Southern Airways, a small regional airline, has a daily late evening flight into Atlanta. The plane must be in Atlanta at 8:00 am each morning for a flight into Richmond, Virgina. Unfortunately, the charge for a plane remaining overnight in Atlanta i..
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