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Q1. Elucidate how a person who refuses an offer of employment in order to keep looking for a better job is counted by the bureau of labor statistics (BLS)?
Q2. Distinguish between the resources market and the product market in the circular flow model?
When would it make sense for a factory that is losing money to remain in operation
Calculate gross national product and net national product
China has continued to lag well behind the rest of the world in information technologies
Determine the cost to the government of buying firms unsold units
Compare the rationale of the Reagan administration for the 1981 tax reductions with the rationale behind the Kennedy-Johnson tax cut of 1964
Describe a skimming price and a penetration price, and advise them whether they should charge a skimming price or a penetration price, with supportive reasoning for and against each pricing alternative.
Depict the von Neumann-Morgenstern utility index u in a diagram
Suppose that the only input used in the generation of solar energy is sunlight
Given the demand and cost conditions, what price, output and profits result in the short run? What will happen as the firm moves from the short to the long run
Find the equilibrium price and quantity after the shift of the demand curve.
Indicate if GDP is affected, under what category and what happens to GDP Oklahoma cleans up after a devastating tornado.
The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever.
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