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Why do economists include only final goods and services in measuring GDP for a particular year? Why don't they include the value of the stocks and bonds bought and sold? Why don't they include the value of the used furniture bought and sold?
If the level of incomes rises for high-income workers but doesn’t change for low-income workers,
Consider an economy with three equal sized economic classes: the poor, the middle class, and the rich. At currently prevailing prices, the rich buy new houses and after 20 years sell them to the middle class. The middle class buy 20 year old houses a..
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1. asymmetric infomationdefine asymmetric information. distinquish between hidden characteristics and hidden actions.
the factors that cause shifts in supply and the importance of demand are examined.what is the law of supply and what
Suppose we observe that as a firm decreases its price its total revenue decreases. Which of the following is a possible value of its price elasticity of demand. Which of the following will not cause a decrease in the demand for apples.
What should the growth strategies be of both large airlines (United, Delta, AA, British Air) and smaller carriers (Spirit, Ryanair)? What are the key components of a winning strategy for both size carrier?
Taiwan and Jamaica are both islands that have pursued export-oriented development strategies, but Jamaica has experienced increases in unemployment and poverty, while Taiwan has experienced decreases. How might you explain this?
What are the sources of national and international economic growth? Who benefits from such growth and why? Why do some countries make rapid progress toward development while many others remain poor? (Chapters 2, 3, and 4)
build and validate a multiple regression model.explicitly describe the following choose the dependent as well as the
Sketch the indifference curves and show where the "corners" are. If the prices or x and y are P_x = 5 and P_y = 1, respectively
A price consumption curve and a demand curve an individual demand curve and a market demand curve
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