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Describe what economists mean when they say government purchases are 'exhaustive' expenditures whereas government transfer payments are 'nonexhaustive' expenditures. Give an example of a government purchase and a government transfer payment with explanations.
Explain how a change in investment can have big impact on GDp causing nationwide slump. Recall that investment is "small' relative to the whole economy.
A team of minor league baseball is trying to predict ticket sales for the upcoming season and is considering changing ticket prices.
An increase in input prices for rice production; and an improvement in rice production technology. Use diagrams to analyze the effects of these changes on equilibrium price and quantity.
The following outputs considered an intermediate good, a final good, or neither for purposes of calculating GDP in the current year.
Illustrate what assumptions is the theory based, and how plausible are these assumptions.
Depends on this information, elucidate the effect on the consumption of cereal.
Which of the following nation would you expect to have intertemporal production possibilities biased toward current consumption goods, and which biased toward future consumption goods.
If the Inflation rate were to accelerate the economy would be flourishing as there is a need for more people to do the work.
Discuss the specifics of any cases/examples you use and the implications of same on local citizens of that country.
Explain how much should the firm charge to earn the maximum profit during off peak times.
Explain when an economy ever pursue a contractionary fiscal policy.
On the other hand, you might also analyze in detail the effects of higher unemployment among a business cycle downturn.
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