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Assume that a painter produces 20 paintings this year and 20 paintings next year. What is the annual change in nominal GDP if the price of paintings rises from $1,000 this year to $1,500 next year? Can you conclude that the economy grew from this year to next year based on your answer? Why?
Stores that sell wedding dresses do not typically permit photos, and do not have tags in the dresses that would identify the manufacturer and style type. What is the purpose of these rules? Suggest one other way of accomplishing the same objective.
How can managers deal with these problems? If a US corporate headquarters asks a manager to offer kickbacks or other bribes, what are the options?
The US put a specific tariff of €10 on European widgets. Calculate the new equilibrium quantity and price as well as the new Monopoly's profit.
The following estimates have been obtained for the market demand for cereal In Q= 9.01- 0.68 In P+0.75In A-1.3M, where Q is the quantity of cereal, P is the price of cereal, A is the level of advertising and M is income.
How does the concept of capabilities to function' help us gain insight into development goals and achievement? Explain its contribution in measuring level of development.
Assume that your preference relation \succeq can be represented by a utility function. Show that your preference relation must then be rational, i.e. complete, transitive, and reflexive.
The market interest rate increases to 10%. IN the afternoon at what price would your bond sell in the secondary market.
What are the two main assumptions underlying the “neoclassical” theory of a short-run labor demand curve that is declining in rising wage rates (i.e., the “Law of Demand”)?
potter corporation sells office supplies to government agencies. the company reports the following selected account
For the following questions, identify whether it is a change in supply or a change in quantity supplied. Indicate the direction of the change (increase or decrease).
The future of cities in the united states and in other countries will be determine by their abilities to benefit from the _____________ and to minimize or counterbalance the __________________.
The traditional concept of sovereignty means that states
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