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Question: Below is a partial table of the OECD's 2004 ranking of member countries based on their GDP per capita. Compute the ratio of GNI to GDP in each case. What does this imply about net factor income from abroad in each country? Compute the GNI rankings of these countries. Are there any major differences between the GDP and GNI rankings? What do these differences imply? Indicate?
An economist's use of the term "rent" differs from everyday usage in that in the economist's understanding, economic rent is the price paid for the use of all resources that are completely variable in supply. includes any security deposit that mus..
In a market demand and supply equations are: The demand curve is given as: P = 68 - 2Q The supply curve is given as: P = 20 + 2Q. Assuming a perfectly competitive market, (Please show all your work): 1) What is the equilibrium price and quantity?
Assume government imposed a minimum wage above what otherwise would be the equilibrium wage rate for this segment.
If the Federal Reserve decides to act, how will that affect investors that deal with Bank of Trust? Limit your answer to issues discussed in the case
Ticket scalping is common for popular games. Can ticket "scalping" be justified? Post opinion using aggregate demand and supply analysis.
Consider a class of 25 Microeconomics students, some of whom are confused about a concept after a professor explains it. A student who reveals his confusion by asking a question loses 10 utils. However, when the professor clarifies the concept, ..
If Zack's peak caffeine blood level is 120 mg and the level of caffeine in his bloodstream in his blood has an hourly decay factor of 0.781, what is the half-life of the caffeine in his bloodstream?
According to law of comparative advantage , who should produce wheat and who must produce Cd palyer? Evaluate all relevant opportunity cost.
using the is - mr - pc model starting from medium run equilibrium explain the response of the economy to a deflationary
Reflecting back on what you learned about sustainable management practices throughout this quarter; determine 5 activities that illustrate sustainable management of resources that you pursue in your everyday life.
Which of the following will definitely increase nominal money demand?
At the same time suppose that the price of corn syrup, a key ingredient in many soft drinks, rises. Draw a graph illustrating the initial equilibrium and the new equilibrium after these described changes. Provide a verbal description of the outcome i..
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