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Country A produces two goods, elephants and saddles. In the year 2006, the 10 units of elephants produced sold for $2,000 per unit and the 25 units of saddles produced sold for $200 per unit. In 2007, the 20 units of elephants produced sold for $3,000 per unit, and the 50 units of saddles produced sold for $300 per unit. Real GDP for 2007, assuming that 2006 is the base year, is ______?
market model patterns of changechoose and research an industry where there has been a pattern of change in a particular
Social Security benefits are increased each year in proportion to the increase in CPI, even though most economists believe that the CPI overstates actual inflation. If the elderly consume the same market basket as other people.
baa is a private company that operates some of the largest airports in the united kingdom including heathrow and
Assume you run a pizza store and currently have two workers. If you hire a third worker, your output of pizzas per day rises from 55 to 65.
a random sample of 10 economists produced the following forecasts forpercentage growth in real domestic
1. consider two countries a and b. labour is the only factor of production for goods x and y.consider the following
In some ways monitoring is easier in a partnership than a corporation, where shareholders monitor directors. In what ways is monitoring easier? In what ways is it not?
consider a firm with the following production schedule and a fixed cost in the short run of 19. this fixed cost comes
a california legislative committee has voted to legalize marijuana sell it through state liquor stores and impose a
The idea that individuals who work for companies should receive at least an equitable hourly income is known as
Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience.
Which of the following is a characteristic of both monopolistic competition and perfect competition?
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