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Question: The large trade surplus after World War II: In the years after World War II, the United States briefly ran a trade surplus that peaked at about 5% of GDP in 1947. Use the national income identity (the investment savings version) to provide a hypothesis that could explain what was going on.
why does a consumers price elasticity of demand for a good depend on the fraction of the consumers income spent on the
The Swiss pharmaceutical global corporation Hoffman-La Roche has made a major breakthrough in the relief of a serious disabling disease that affects 3 percent of the world's population. Its new product Tigason is the first product that effectively..
1.What part does consumer confidence play in GDP? Research the term "animal spirits" and how it applies to business confidence. Can you give an example of consumer confidence in your life? 2.What part does the government play in economic growth? How ..
Do the data indicate a dependence between attachment patterns and the number of hours spent in child care? Test using α = .05. Give bounds for the attained significance level.
portland fluid control inc. pfc is a major supplier of reverse osmosis and ultrafiltration equipment which helps
Jennifer and Drew consume orange juice and coffee. Jennifer's MRS of orange juice for coffee is 1 and Drew's MRS of orange juice for coffee is 3. If the price of orange juice is $2 and the price of coffee is $3, which market is in excess demand? W..
Explain how the Laws of Supply and Demand are illustrated in this graph. Describe the equilibrium price and quantity in this market. Assume that the government imposes a price floor of $12 in the E-Book market. Explain what would happen in this marke..
At its profit-maximizing price and quantity, how much of a profit or loss is this monopolist realizing? At its profit-maximizing level of output, is this monopolist productively efficient? Explain. At its profit-maximizing level of output, is this ..
The rate of growth in the productivity of capital is one percent the rate of growth of capital is two percent the rate of growth of labor is one percent and the rate of growth in the productivity of labor is three percent. From this we know that per ..
Identify and describe theory behind the economic integration. Support your analysis with statistical data between the EU-27 plus the EEA.
Two of the major macroeconomic measures that tell us how 'healthy' the economy is are "the unemployment Rate" and "the rate of Inflation". How do they matter to you as an individual who is part of this economic system
List the matters regulated by the Fair Labor Standards Act. Explain the Family Medical Leave Act, including to whom it applies and under what circumstances. Discuss the requirements of the minimum wage laws and to whom they apply.
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