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A particular economy has consumption of$400 million, a government deficit of $100 million, taxes of $250 million, and income of $800 million. Which of the following statements must be true?
A. if investment is zero, there is no foreign trade imbalance
B. If the trade surplus is $50 million, investment will be equal to $100 million
C. if the capital account surplus is $50 million, investment will be equal to $100 million
D. if the trade surplus is $100 million, there will be investment
E. none of the above statements is necessarily true
A(n) ____ may offer products that are either differentiated or nondifferentiated. What is the difference in profit maximization between the perfect competitor and all other types of firms?
Using the normal distribution, find the probability that a population with a mean of 35 and a standard deviation of 8 will produce a sample mean of less 34 in a sample of size 64.
Suppose that the price of product A decreases from $27 to $14 and, as a result, the quantity traded of A increases from 175 to 210, the quantity traded of B increases from 65 to 100 and the quantity traded of product C falls from 505 to 400. What is ..
Many television shows, movies, and songs can be downloaded for free on the Internet. Much of this material is copyrighted and was expensive to produce. Much of it is available for a fee through a legitimate site. Should you pay to download an episode..
Assume the demand function for good X is Qd = 600 - 2PX + 7PR, illustrate what is the demand function for good x. Which investment produces a $40 daily profit for a game shop earning $2 profit from every game sold.
What is the SAP (structural adjustment program)? What are the IMF-imposed "conditionalities"? Win did the IMF and World Bank imposed them upon Third World countries during both their debt crises and financial crises?
Assuming that all buyers received the credit, estimate the own cost elasticity of demand as well as well as own cost elasticity of supply.
Canadian GDP whether measured by the value added approach, the expenditure approach, or the income approach.
Suppose that low-skilled workers employed in clearing woodland can each clear one acre per month if each is equipped with a shovel, a machete, and a chainsaw. Clearing one acre brings in $1300 in revenue. What is the marginal revenue product of hirin..
Consider the following simple model with investment and government spending exogenous: Derive the change in Y associated with an increase in taxes T. Show the results graphically and algebraically. What is the tax multiplier?
Explain what is the maximum amount of new loans that this bank can make. Show in column 1 how the bank's balance sheet will appear after the bank has lent this additional amount.
Maze Consultant employees only two types of personnel, latyers and secretaries in a production function of the form Q=LS, where Q is the number of cases handled in a month, L is the number of lawers and S is the number of secretaries employed per mon..
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