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When we speak of "government purchases" in calculating aggregate demand, we mean purchases by a. all levels of government local, state and federal b. local governments only c. he federal government only d. state and federal governments, but not county and city governments
In 2008, inward FDI accounted for some 63.7 percent of gross capital formation in Ireland, but only 4.1 percent in Japan (gross capital formation refers to investments in fixed assets such as factories, warehouses, and retail stores). What do you thi..
Determine whether the Justice Department would challenge a merger between two firms in an industry with 10 equal- sized firms, based on its 1984 Herfi ndahl- index guidelines only. NOTE: Need to calculate and compare the Herfindahl index before and a..
Why do economists use economic models when making predictions or assumptions about the economy? Which economic model do you believe is the most beneficial to YOU at the present time? Why?
As wages increase for Apple Workers, what happens to the price and quantity of iphones? As the price of drone phones decrease, what happens to the price and quantity of iphones? If the government taxes cell phones, what happens to the price and quant..
Explain, using managerial economics, why sports economists believe ticket prices are too LOW. No more than 75 words, please. You can do an excellent job with 40 - 50 words if you are concise.
When an economy is at full employment, the Production Possibilities Frontier illustrates which Principle of Economics: A. Prices rise when the government prints too much money. B. Trade can make everyone better off. C. People respond to incentives. D..
calculate the price elasticity of demand for each product and compare with your teammates' elasticities.
Suppose ETP, LLC has estaimated its log-linear demand function for therapy as: Ln Therapy= 80-1.4In 9+1.2In M+0.4 In advt. Assuming each variables is statically, how would the consumption of therapy change if the simultaneously accounted for a % redu..
Assume that the firms form a cartel to maximize total industry profits. Determine the optimum output as well as selling cost for each firm.
Do you think the NRA is justified in its actions toward the CDC? Do you think the CDC should pursue gun-related injury research? The NRA contends that the CDC had an anti-gun agenda and that it was playing politics with the research. Does this alter ..
Explain what the reserve ratio is and provide an example demonstrating its effect on lending in the banking sector. (3 marks) b) With reference to question 6a) explain the concept of the money multiplier.
Identify also converse at least two arguments which support trade restrictions also two Once modest trade restrictions.
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