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Q1. To measure Elucidate how productive workers in the economy are, the best measure to utilize would be
Q2. Elucidate how can you immediately if the existence of government-granted monopolies for public utilities such as natural gas distribution also electricity in the light of traditional economic argument which the more competition there is, the more likely it is which an efficient allocation of possessions will occur?
Q3. Clearly identify at least three such factors which in your view should be included in the GDP calculations. Elucidate how they will help to improve the GDP as a tool for measuring the well-being of a nation.
Draw the production possibility frontiers for the 2 countries. Draw the world relative supply curve for manufactures.
Elucidate what type of returns to scale does this technology represent.
Illustrate what is the difference among the multiplier in a closed private economy also the multiplier in a mixed open economy.
Converse the positive also negative contributions of FDI inflow to the competitive benefit of host countries with regard to the subsequent matters
Price elasticity of demand is 1.5 and a firm raises its price by 20 percent the quantity sold by the firm will ceteris paribus.
Does the law of diminishing marginal returns apply to this firm's production process. If so, explain why and find the quantity of labor at which diminishing marginal returns.
if you were asked to forecast Jan also Feb sales for next year, would you be confident of your forecast using the preceding moving averages.
Why would an ounce of gold be priced higher than an ounce of coffee beans though coffee is generally considered more essential than gold
Illustrate what do economists call the percentage change in real GDP from year to the next. Under a business agreement 70/30 why should the 70% shareholder decision carry all day.
We said that an uncrowned country club golf course has aspects of public good.
Wal-Mart is often criticized for importing many of the goods they sell. Why do they buy goods from foreign markets.
Illustrate what is the quantity of burgers demanded in equilibrium.
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