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Some manufacturing and agricultural products produced in the Midwest are exported to overseas markets. US consumers and businesses also purchase many products produced outside the US. Describe the economic justification for free trade policies. Do you think free trade helps manufacturing companies and farmers in the Midwest?
A major component of the costs of many large firms is the cost associated with ordering and holding inventory. If the yearly demand for the good is D and the size of each order p
why is imports subtracted from the expenditure approach
Summary of the Phillips curves In neo-classical synthesis, augmented Phillips curve is known as the short-run Phillips curve. It is presumed to be stable as long as expectation
What is productivity? Productivity or average product (AP): It is output person which is output divided through number of workers AP= Q/L. There labour Productivity can
Knowing that a neoclassical, capitalist economy depends on continuous economic growth (by making its production, distribution, and consumption more efficient), what might a savvy p
Explain how changes in the quality of healthcare will influence the demand for care.
unplandned change in inventory are coutned as investment spending by firms
Ashley can join a club for an annual fee of $20. if she can purchase golf balls at 40% off the retail price. Draw ashly's budget constraint if she joins and if she does not join th
what is the function of a budget
using a graph of the classical labour market illustrste the effects of real wage existing in the market lower than the equilibrium real wage
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