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Gross domestic product (GDP) is an inferior measure of a nation's product because: A) no allowance is made for the fact that people have to pay taxes on their income. B) no allowance is made for the fact that people save some of their income. C) no allowance is made for the fact that some of the product is added to the capital stock. D) no allowance is made for international trade. E) no allowance is made for the fact that some of the product must be used to replace investments that become obsolete.
Explain the liberal perspective on markets and the state with specific reference to the Keynes/Hayek debate. Why are the differences between them vital for understanding contemporary international political economy?
In the past, some people believed that the Federal Reserve routinely expanded the money supply during presidential election years in order to stimulate the economy and help the incumbent president. For this question, assume that the Fed increases inf..
Explain the difference between a price setter and a price taker. Can most providers be classified strictly as price setters or price takers? What would happen financially to a healthcare organization over time if its prices were set at either full co..
Impact the decrease in the price of land will have on this firm's short run cost curves (short run fixed costs, variable costs also total costs). Elucidate your illustration.
is this the same quantity that the competitive market would have provided in equilibrium? What are the market forces leading to this quantity?
Which of the following is true concerning negative externalities?
A Discuss two reasons why the GDP deflator gives a different rate of inflation than the CPI does. In calculating the real GDP of an economy, explain whether you will use the GDP deflator or the CPL.b The Gini coefficient in Hong Kong was 0.525 in 200..
How did Cummins use regulation as an opportunity?
Explain the effects of a tariff and a quota placed on imported automobiles on a domestic market. Who is hurt with a tariff or a quota and why? Who benefits and why?
What does the economy look like when the economy is in an unemployment gap? What type of unemployment rate is it compared to the Natural Rate of unemployment? What about inflation?
Use Porter’s five forces model to analyze the competitive environment of a country of your choice (pick a product category that you are familiar with). How does a market orientation explain entry into that market? A resource-based view? Why are both ..
q1. compare and contrast the way classical and keynesian theory determine the demand for money and how it is related to
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