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Q. Describe the following terms in your word.
• Gross domestic product (GDP) • Real GDP • Nominal GDP• Unemployment rate• Inflation rate• Interest rate
Following are the examples of economic activities:
• Purchasing of groceries• Massive layoff of employees• Decrease in taxes
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.
Explain why does the profit motive does not automatically avoid air pollution in the production of steel and other products.
Typical economic decisions made by the managers of a firm .determine and explain which basic economic problem: of what, how, and for whom
q1. if you are the chief economist of a country experiencing high unemployment as well as flat gdp what macroeconomic
Explain how does a rise in the unemployment rate affect your chances of finding a job which would match your qualifications as a college graduate.
What price will the firm charge in each market? Based solely on these two prices, which market has the higher price elasticity of demand? What will be this monopolist's total economic profit?
Why are trade agreements important for the various countries involved? How is international trade related to the U.S. standard of living as opposed to the standard of living of a small industrial nation
If a contractor decides to deviate from this agreement, what would the optimal deviation be?b. Suppose that M = 10 and C = 1. For which values of "delta" is this a subgame perfect equilibrium of the infinitely repeated game?
neither person may trade away any water to the other for exchange for more bread. Set up an Edgeworth Box to depict this situation and elucidate why it is unlikely to be Pareto efficient.
Explain how do these two relate to each other in the Circular Flow Economy and to the Government and Foreign Sector components.
Illustrate what is the products price after the imposition of the tariff. what is the domestic value added before and after the imposition of the tariff.
The company depreciates its assets on a straight-line basis and has a marginal tax rate of 40 percent. The firm's cost of capital is 14 percent. Based on the internal rate of return criterion, should this machine be purchased?
Illustrate what has happened to the value of the dollar. Illustrate what are the comapny's hourly labor costs in dollars at both exchange.
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