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It is customary for the News media to report about consumer confidence and investor confidence while discussing the national economy. How do you think the confidence of the economic agents affect the economy? From personal or work experience, state factors that could cause increase in consumer spending and investor investment. Do consumer and investor confidence trend reports affect your spending pattern? Explain.
The government purchases component of GDP does not include spending on transfer payments such as Social Security. GDP does not also include the value of used goods that are resold. Do you think such exclusion make GDP a less informative measure of economic well-being? What other production of goods and services do you think are excluded from the GDP? What is the impact of such exclusion on the economic welfare?
Federal government employs a budget plan over several fiscal years that results in significant increases in the national debt, with no relief or plans to deal with the problem.
Assume that initially the price is $50 in a perfectly competitive market. Company are making zero economic profits.
In the early part of the past decade, there was an overproduction of coffee. The value dropped so low that manufacturer' costs were higher than the market value.
problem 1 luke likes to consumer cds good1 and pizzas good 2. his preference over both goods is given by the utility
Mention and describe the three theories for why the short-run aggregate-supply curve is upward sloping.
Kay Evans just completed her B.S. degree and is considering pursuing doctoral (Ph.D.) studies in economics. If Kay takes a job immediately a job after graduation, she can earn $35,000 during the first year, with an anticipated raise of $4,000 per ..
Explain why do you think that whenever the government needs to raise their revenue they usually decide to increase the tax on items such as gas
Explain what you understand by an indifference curve. Explain also how the indifference curve and budget line apparatus is used to derive a consumer's demand curve. In drawing a demand curve, certain things are held constant. What are they and how..
Assume that the federal government increases spending on public works programs, such as highway construction, by $40 billion. How does this change in spending affect the aggregate demand curve? Explain why the shift may be higher or lower than the or..
A traditional definition of economics 'efficient utilization of limited productive resources for the purpose of attaining maximum satisfaction of human material wants.'
Stephene draws a break-even chart. To represent sales, he draws a straight line through the origin and the point (10,000 units, £66,000). Calculate:
lesson 2 production possibilities - written assignment 2nbsp1.nbspnbspnbspnbspnbspnbspnbspnbsp suppose that a nations
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