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Which of the following is NOT a component of GDP?
a. purchases by consumers of used goods
b. net exports
c. purchases by consumers of finished goods
d. government purchases
What is data base method? What is judgmental method? What are some of the difficulties on forecasting? When are these methods qualitative and quantitative?
Describe the differences between shortages and scarcity. In answering this question you should think difference between the short run and the long run in economic analysis.
A single-price monopolist sets price?
Suppose the UN has two pure strategies: It can either inspect facilities X and Y (both of which are geographically close to each other) or inspect facility Z. Find a Nash equilibrium in mixed strategies.
the u.s. cigarette industry has negotiated with congress and government agencies to settle liability claims against it.
Calculate the price elasticity of gasoline. Calculate the price elasticity of demand for gasoline. Calculate the elasticity of supply using the information provided. Calculate the changes in consumer and producer surplus.
q. the zinger company fabricates as well as sells a line of sewing machines. demand per period q for a scrupulous model
Suppose a firm’s production function is given by the following equation: Q = min(5K, 10L). If the firm is using 4 units of capital and 3 units of labor, how much output are they producing? Is this firm operating efficiently?
Describe the benefits and risks entailed with an experimental approach to regression analysis.
Read Qureshi and Jalbani's (2014) article on globalization, its effects on certain economies, and the concept of "gloco-localization." In your opinion, what should the role of international organizations be in helping to shape the global economy? Do ..
Does the coffee marketplace meet all six conditions of a perfectly competitive marketplace.
We also observe that the proportion of workers receiving disability benefits is much lower in the US than in the latter two nations. Are these findings consistent with the work-leisure model.
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