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Which of the following expenditures are not included in the consumption component of GDP?
A. maid service
B. purchase of a new home
C. a new videocassette recorder
D. a restaurant meal
E. tax preparation service
Let customer's tastes change so that consumers now demand 100 more units at each price. When the cost of the good is $50, elucidate how many units of the good are demanded?
Why was the Federal Reserve System set up with twelve regional Federal Reserve Banks rather than one central bank, as in other countries? What is the primary tool that Congress uses to exercise some control over the Fed?
Explain how will the increase in unemployment benefits affect output and the price level in the short run and in the medium run.
A Los Angeles firm uses a single input to produce a recreational commodity
Compare and contrast the three different perspectives on sustainability. What is your perspective and how would you classify it given the three general views of sustainability we discussed? Consider what you have learned about the economics of non-re..
Swagelok Co. of Solon, Ohio, makes variable area flow meters (VAFs) that measure liquid and gas flow rates by means of a tapered tube and float. If tooling and setup costs were $400,000 in year 0 and an additional $190,000 in year 3, determine the ex..
Home has absolute advantage both chocolate and wine, comparative in chocolate. Home has absolute and comparative advantage in wine.
Cater enterprises can issue floating-rate debt at LIBOR + 2.50% or fixed rate debt at 9.50%. Brence Manufacturing can issue floating-rate debt at LIBOR + 4.60% or fixed rate debt at 11.00%. Suppose Cater issues floating-rate debt and Brence issues fi..
One could argue that a long commute to work is an undesirable characteristic of any job. If most people live in the suburbs.
Using the specific-factors model, elucidate why you might expect to see certain capital owners and labor groups arguing against expanding trade in a capital-abundant country.
Which of the following conditions may make predatory pricing by incumbents rational?
Consider an economy where there are N consumers, each of them having one unit of available time.
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