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Define the measure of how much the quantity demanded of a good responds too a change in consumer's income, computed as the percentage change in quantity demanded divided by the percentage change in income?
After a nation's (not USA) foreign-capital flows are frozen, a large international supply of USD dollars shows up. What happens to the quantity of USD dollars demanded.
You have been hired by the Department of An Taoiseach to comment and critique a sustainable growth plan being considered by parliament.
After the firm's patent expires, predict the new market output and price. Assume that competing suppliers have the same economic costs as the original producer. Calculate the resulting change in consumer surplus.
Describe three ways we can use macroeconomic analysis, with one original example for each way. Using the real business cycle theory, explain two effects of an adverse technological shock on the labor market and on the output market.
Mr Ngoe valued his car at £10,500 and insured it for a net annual premium of £855, which includes a no claims discount of 55%. (a) Calculate the gross annual premium.
In a reward contract, for example, a person who has lost a dog could promise a reward if the dog is found, through publication or orally. The payment could be additionally conditioned on the dog being returned alive.
Explain why does the burden of sales tax fall completely on consumer when the price elasticity of demand is perfectly inelastic; the seller when perfectly elastic. and the prefect inelastic supply and perfectly elastic supply.
Explain how does technology affect an organization's productivity and costs. How has your organization used technology.
Determine the internal rate of return for an equipment that costs $150,000 and would provide positive cash flows of $60,000, $50,000, $40,000, and $30,000 at the end of each year for the next four years, and choose the option below that is closest..
An example of a fiscal policy Lowering the interest rate on loans to corporations, Increasing taxes to pay for greater military spending,are they true or fslse.
What environmental issues will have the biggest impact on personal health in the next 10 years? 50 years?
Suppose Bob works for Mary as a proofreader. Mary and Bob fall deeply in love, marry and have eight children. Bob stops working for Mary in order to care for the children. What will be the effect on GDP
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