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Question: Explain the significance of pork, public sector, private sector, transfer payment, grant-in-aid, subsidy, and distribution of income.
What are new development and challenges Apple face with iOS?
Using the dynamic augmented Phillip's Curve model (Y/PC/MR), demonstrate the effects of the Following changes. Show both the short-run and long-run effects.
Determine the present worth of a geometric gradient series with a cash flow of $50,000 in year 1 and increases of 6% each year through year 8. The interest rate is 10% per year.
In a certain economy consumption (C) is given as; C = 10,000 + 0.7Y I = 10,000 where G = Government spending G = 5,000 X = Exports
Elucidate the impact of inflation on salary rates and employment.
Illustrtae what does this imply about the effectiveness of monetary and fiscal policy to reduce the unemployment rate.
What is difference between a public good and a private good? What are the principal characteristics of each? What are the two characteristics of public goods? Why is there a free rider problem when it comes to public goods?
What does gross domestic product tell us? How did GDP change from 2008? What caused these changes? What is real GDP? What was real GDP in 2008 and has it changed since 2008?
Explain how Germany OR Denmark has sought to have both some elements of security and flexibility in their labour markets. How far have these policies implemented the EUs principles of flexicurity?
If the Federal Government is giving more than it receives in tax revenues in an effort to reduce unemployment
If average total cost is declining, then: A. marginal cost must be greater than average total cost. B. the average fixed cost curve must lie above the average variable cost curve. C. marginal cost must be less than average total cost.
Why may a food shop charge higher prices than supermarkets for ‘essential items' and yet very similar prices for delicatessen items?
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