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1. Economic analysis that takes into consideration linkages between markets is called ? A. partial equilibrium anaylysis B. input output analysis C. general equilibrium analysis D. cost-effectiveness analysis E. none of the above
2. the slope of a countrys production possibilities frontier, represents A. the opportunity cost of the commodity on the horizontal axis B. the opportunity cost of the commodity on the vertical axis C. the terms of trade D. the exchange rate for currency E. none of the above
If the economy characterized by the production possibilities table were producing 3 automobiles and 20 forklifts, what could you conclude about its use of available resources ?
Illustrate what has been the real change in Bill's net worth.
A "product" is best described as: A) A purely physical entity. B) An image in the mind of the consumer. C) A need satisfying offering of a firm. D) An intangible service. 2._____ means a product's ability to satisfy a customer's needs or requirements..
Suppose someone tells you that, over time, free trade is helping capitalists and harming workers. What fact would you cite to challenge this statement?
Illustrate what percentage of the CEO's total earnings is tied to profits of the firm.
Suppose the demand for ABC product has an elasticity coefficient. Explain how many it will sell per month if the price
The government purchases component of GDP does not include spending on transfer payments such as Social Security. Thinking about the definition of GDP, explain why transfer payments are excluded.
It is given an offer to split, if you accept this offer you keep the $1, and the other player keeps $19.
Consider a 2-company Cournot model. Let ci (i=1,2) denote firm i's cost per unit of output produced, and suppose that c1 > c2 .
Utilize a graph to demonstrate the market equilibrium price and quantity of oil at $70 per barrel and 10 M barrels being produced and sold. Then, show graphically the likely impact on this equilibrium from a new discovery of the largest oil reserve i..
Characterize each of the following statements as true or false, and explain your answer.
using appropriate graph explain your answers to following questions.a yesterday the current exchange rate was 1.05 u.s.
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