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Discuss the expenditure approach to measuring aggregate economic activity. Discuss the income approach to measuring aggregate economic activity. Are they equal? Does the value added method of measuring economics activity confirm this?
Discuss the case in three different cultural settings (USA, Asia, and the Middle East) considering three different minority groups (Blacks, Disabled Persons, and Women), and incorporate local cultural and traditional values, and compare likely behavi..
My topic was Impact of Expansion on Native Americans and the other classmates were Industrialization and Workers, Racial and Ethnic Tensions, and Dawn of American Imperialism. Some bullet points to get me on the right track would be awesome. Discuss ..
explain using an example of relevant cost (a cost whose value does affect the optimal decision) and an example of irrelevant cost.
Wealth holders around the world reacted to the Greek Debt Crisis by selling European financial assets and buying U.S. financial assets. Explain why their action changed the exchange rate between euros and dollars. Did their action strengthen or weake..
A firm uses both labor and capital in its manufacturing process which can be substituted for each other to some degree. The cost of labor is $15 per hour, and the last worker hired produced 20 units per hour. Machinery can be rented at $32 per hour, ..
Explain how a bill become a law in order.the bill goes back to the floor of the senate for consideration. the house committee, compairised of members from both houses of congress,works outany differences concerning the bill.
In the neo - classical model of labor - leisure choice, the representative consumer receives satisfaction from consumption of goods (C) and from the consumption of Leisure (L). Let C be the composite good with price $1 and L determines the number of ..
Illustrate what is the shape of an indifference curve if there are economic bads on both axies.
Assume that the supply of low-skilled workers is fairly elastic, but the employers’ demand for such workers is fairly inelastic. If the policy goal is to expand employment for low-skilled workers, What if the policy goal is to raise wages for this gr..
a rich man has 1,000,000 in the bank earning 7% interest. He plans to give away 100,000 at the end of the year and to increase his gifting by 10% each year there after. How long with the million dollars last?
Suppose a perfectly competitive firm sees that price is $23 in the market place. It notices that the cost of producing the next unit of output is $26. What advice would you give to this firm? Graph and Explain Your Answer
Suppose that initially the money supply is 2 trillion the price level equals 2 the real gdp is 4 trillion in base year dollars and income velocity of money is 4 . Then suppose that the quantity of money in circulation remain fixed but the income velo..
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