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Smith, a U.S. citizen, has been working in California as an executive of a U.S. telecommunication company, and her annual salary in 2009 was US$300,000. Her salary was expected to remain unchanged if she continued to work in the company. In the year 2010, however, she was recruited by a telecommunication company in Mexico, so she started working in Mexico in January 2010, making an annual salary of US$200,000. The reason why she accepted a job in Mexico with a lower salary than the current job is unknown. Assuming that the amount of her salary equals the amount of her contribution to the production in the company she works for, explain how much the annual U.S. GDP and GNP in 2010 changed due to her job relocation? Clearly show your reasoning for your answer.
People are lured by the idea of 50 mile per gallon vehicles which still perform well also are willing to pay the high prices to get one.
Which of the following market transactions of final goods and services are excluded from the computation of U.S GDP
The election of a new Congress causes consumer confidence to soar as expectations of future economic growth are solid.
Do you agree or disagree with the statement which: A monopolist always charges the highest possible price.
Conclude how the abatement levels should be reallocated across the 2 industries to minimize costs.
Illustrate what criteria are you using to classify this industry as an example of oligopoly.
Metro Limo also Urban Limo, operate nine passenger vans. These duopolists cannot compete with price, but they can compete through advertising.
If Anne is planning to invest her loan in an asset which she hopes to turn a profit on, Illustrate what is the minimum rate of return she needs to earn.
Do you think this particular budget cutting policy helpful to curb the growing budget deficit.
if the demand for labor is elastic because the demand for labor will decrease more when you have elastic demand than if demand were inelastic.
Compare also contrast the yields also maturities for each of the securities. Argue elucidate which you would hold also Elucidate why relative to interest rate risk.
If the doctor wishes to maximize her profit, elucidate how many nose operations she should perform each month.
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