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Suppose GDP was constant over a period of years and yet living standards increased. Which of the following might not be a reason for this?
a) There might be an increase in household production.
b) There might be an increase in production by the underground economy.
c) There might be an increase in exports.
d) There might be an increase in leisure.
Characterize each of the following statements as true or false, and explain your answer.
In the keynesian cross, the consumption function is c=200+0.75(Y-T). planned investment is 100, govt purchase and tax are both 100.
Choose a nation and an economic concern, such as population, unemployment, etc. Look for the Library and Internet for data sets for the concern that you have chosen.
1. In a short run a perfect competitive firm will always make an economic profit if: 2. In the short run, the individual competitive firm's supply curve is that segment of the:
The Lexus LS 430, the top of the line Lexus sedan, riad a base price in Canada of C$85,700 during the fall of 2005. Restated in US dollars using the exchange rate prevailing then, that price is $71,885.
"Emerging economies, such as china, pose a threat to the comparative advantage of the U.S". How can such a statement be evaluated using the insights learned from the standard trade model? Provide full verbal and graphical explanation.
Using a long-run Phillips curve, what is the effect on the unemployment rate if the inflation rate rises and people expect the rise.
How does a generic drug differ from its brand name, previously patented equivalent Explain why the price of a brand name drug typically declines when an equivalent generic drug becomes available Explain how that drop in price affects allocative ..
As an worker of the world bank you have been proposed to research the requirements of a country with a particular economic concern. For this project choose a nation and an economic concern such as population, unemployment etc.
At first an athlete jogs at 5 mph and then 8 mph, traveling 6 mph in 0.9 hours. How long does the athlete job at each speed?
Explain if you were the production manager at BCAG, how would you justify the long-term nature of the contact with Thyssen Inc..
Given the choices of world real interest rate in the above graph, the world real interest rate that most likely occurs when this country runs a trade surplus
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