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Demand for goods and services (feed stocks) that go into final products (such as milk into ice cream) is
1. Product demand
2. Derived demand
3. Utility
4. Direct demand
your company is currently engaged in business activities both nationally and internationally. a country you are
what is meant by inflation? write down the causes of inflation? is inflation desirable and what can be done to control
a pharmaceutical company has hired you to perform an economic analysis on a currently ongoing project. experts from the
why do points on a utility possibility curve represent efficient allocations of resources? why must the utility
write down the impacts of currency devaluation and revaluation on international trade? write the factors which increase
Johns goes to a football game and buys a ticket for $75. He has to take off two hours of work to go to the game. he earns $15/hr at work. His drive to the game requires $7 in gas. Given this information, John's opportunity cost of going to the game i..
Fall proportionately more than the change in GDP, Fall proportionately less than the change in GDP, Rise proportionately more than the change in GDP
Suppose that the economy is currentlyat potential output. Also suppose that you are an economicpolicy maker and that a college economics student asks youto rank, if possible, your most preferred to least preferred type of shock
How do local zoning ordinances try to promote land uses that generate external benefits for neighbors Why have authorities found it so difficult to regulate the fishing in the open ocean to allow for a sustainable yield
Explain the process of revenue at NSU, focusing on the relationship between the increased revenue from students enrolling at NSU despite the higher tuition and the lost revenue from possible lower enrollment.
what is the definition of price elasticity of demand? what is the relationship between price elasticity of demand and
The Case in Point on Externalities, Cigarettes, and Smoking suggests that smokers generate: a-external benefits to society by dying early, thereby subsidizing the retirement costs of the rest of the population. b-external costs to society by dying ea..
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