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According to the New York Times (November 18, 2006), the number of car producers in china is increasing rapidly. The newspaper reports that "china has more car brands now than the United States But while car sales have climbed 38 percent in the first three quarters of this year, automakers have increased their output ever faster, causing fierce competition and a slow erosion in prices." At the same time, Chinese consumers' incomes have risen. Assume that cars are a norma good. Use a diagram of the supply and demand curves for cars in china to explain what has happened in the Chinese car market.
Thoughts on aggregated expenditures. We learned that GDP = C + I + G + Xn. At this point we are focused on a private, closed (no international portion) economy. And how do you find the actual values for the US for this particular question.
The only win condition for H is to manufacture and no production by Company F. If Company F is going to manufacture, they will have a win-win situation with company H having losses
May rise or reduce in absolute value as one moves southeast along an indifference curve, depending upon whether the substitution or income effect is dominant.
A hot topic in today's news is the rising cost of health care and how we, as a country can provide universal health coverage. Approximately 47 million individuals in the U.S. are uninsured or underinsured.
Use the table given below: Value in billions In each of following cases, indicate if GDP is affected, under what category and what happens to GDP.
Suppose that in Canada opportunity cost of manufacturing 2 television sets is 3 bushels of wheat. Suppose that in the United States the opportunity cost of manufacturing 2 bushels of wheat is 3 television sets.
Many people think of marketing as only promotion; they only look the tip of the marketing iceberg. However, marketing is much more.
In 1981, the United State negotiated a contract with the Japanese. The contract called for Japanese auto firms to limit exports to the United State.
Discuss how deficit spending relates to the economic collapse of the Greece and Spain economies. Relate their economic collapse to U.S. current economic problems.
Imagine that Guatemala (which borders Mexico to the southwest) has been invited to join NAFTA. Discuss the most likely static and dynamic effects on both Guatemala and the U.S.
Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource differences. What are some examples of goods that the U.S. has comparative advantage in producing.
What does the constant k have to be equal to for this to be a distribution function and Calculate the expected value of Z.
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