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Q1. Consider how the components of Gross Domestic Product (GDP) fit with the Circular Flow model. What does GDP measure? Are all expenditures on goods and services counted in GDP? Why is it important to know how to convert nominal GDP to real GDP?
Q2. 1. Does human resource management (HRM) interest you as a career? Why or why not?
2. What are your experiences working with human resource professionals?
3. Imagine that you must fire an employee. What effect might the employee' s dismissal have on your other workers? Explain how you would tell the employee and your remaining subordinates.
Open a pizza restaurant and is considering either selling the bonds and using the 100,000 to start his restaurant or borrowing the 100,000 from a bank which would charge him an annual interest rate of 7 percent.
Roma was a schoolteacher and earned $40,000. But she enjoys creating cartoons, so at the beginning of 2003, Roma quit teaching.
Steps that a government take to ensure that sustainable development is always considered in assessing which major economic projects or investment proposals to accept
Assume that you own a 10-acre plot of land that you would like to rent out to wheat farmers.
Clarify why might the Homo sapiens production possibilities curve have shifted outward to right much more rapidly than persons of Neanderthals.
Paul owns a home on the top of a hill and enjoys an unobstructed view of a large wooded area.
Where does the national unemployment rate stand relative to the Natural Rate of Unemployment
Determine the quantity demanded, the quantity supplied, and the magnitude
Iran subsidizes gasoline, leading to a cost to consumers that is one-fifth the market cost.
The biggest difference between Microsoft and software retailers is the market structure in which they operate.
Microsoft emerges to have a monopoly with over 90% of the personal Calculator operating market. Why then would it not be charging a monopoly cost.
Do these public goods conform to the law of demand. For which public supplies is demand price elastic.
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