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1. Economic analysis that takes into consideration linkages between markets is called ? A. partial equilibrium anaylysis B. input output analysis C. general equilibrium analysis D. cost-effectiveness analysis E. none of the above
2. the slope of a countrys production possibilities frontier, represents A. the opportunity cost of the commodity on the horizontal axis B. the opportunity cost of the commodity on the vertical axis C. the terms of trade D. the exchange rate for currency E. none of the above
Sara's income is $12 a week. The price of popcorn is $3 a bag, and the price of a cola is $3 a can. a. What is Sara's real income in terms of cola? b. What is her real income in terms of popcorn?
The necessary change in taxes and government spending and the effect on aggregate demand, GDP, and employment.
Explain who would the main beneficiaries be of tying Social Security
A company produces digital watches on single production line serviced during one daily shift. The total output of watches depends directly on number of labor hours employed on the line.
Illustrate what would happen to the demand for iPhones if consumer income rises by 10%. Be specific. Are iPhones a normal or an inferior good.
In a closed economy without a government sector, consumption is determined as 80% of the income available to households. Investment is autonomous at a level of £450.
The average weekly earnings of bus drivers in a city are $950 with a standard deviation of $45. Assume that we select a random sample of 81 bus drivers.
Elucidate what impact will an unanticipated increase in the money supply have on the real interest rate, real output, and employment in the short run.
Compute Brazil and the United States with the state of the economy.
What does the term "quantity demanded" refer to? A. It refers to both the amount of a good that consumers want to buy at a specified price and the amount that suppliers want to sell at that specified price B. It refers to the demand for a good over..
How many cases of peaches will be produced per week during the growing season, and what will the selling price per case be if producers ignore the marginal external costs imposed on others?
Determine the expended change to gross product and the price level likely to be in the short run explain how can this be illustrated by an aggregate demand and supply model?
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