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Which of the following is most important in increasing a nation's economic growth in the long run?
A. increasing consumer spending in the company
B. higher levels of government spending
C. increasing exports and decreasing imports
D. higher rates of technological change
A market has a demand curve described by P=26-Q, a supply curve described by P=10+Q, and a price ceiling of 12. Calculate the Total Surplus of the market with the price ceiling.
to be successful leaders in the global business world of the 21st century managers must consider economic trends
As additional units are produced, the marginal revenue product falls for all firms because marginal product decreases. For firms operating in industries that are not perfectly competitive, marginal revenue product also falls because
With meat nutrition and veggie nutrition options, show graphically how a person who ate meat became a vegetarian after reading about the negative health effects of meat. Describe what happened in your graph. Is the person better off after reading abo..
Suppose you manage a wine cellar with fixed storage space and you have to choose when to sell each bottle of wine. The value of each bottle V(t) is increasing over time at a decreasing rate: V' (t) > 0 and V'' (t)
What do classical economists believe about the slope or shape of the Aggregate Supply curve? More traditional economists would refer to this AS curve drawn by the classical economist as the _____ ______ Aggregate Supply curve? What do classical econo..
Economists believe that the current values of the deposit multiplier and the money multiplier are widely divergent. Why might these values differ at present? What (if anything) do you think must happen for them to converge once again?
The financial plan
If one defines incremental cost as the change in total cost resulting from a decision, and incremental revenue as the change in total revenue resulting from a decision, any business decision is profitable.
Consider the types of non-tariff trade barriers and determine which has the most detrimental effect on the U.S. economy from the standpoint of the domestic consumer. Explain your rationale and support it with specific examples.
What three factors determine whether two economies with separate fiscal and monetary authorities should form a currency union.
Consider a small open economy operating a fixed exchange rate. Compare the effects on domestic real GDP of an increase in government spending under each of the following circumstances:
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