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Explain Deming's "System of Profound Knowledge".In your explanation, state why he developed it, how it ties in to his fourteenpoints, and explain each of the components of the system.
For which of the subsiquent items will the advertising elasticity of demand be relatively higher.
a powerful leading indicator of overall future economic activity. Elucidate why is it a more meaningful indictor than housing starts.
Define and explain three barriers to trade. What effect do these barriers to trade have on domestic consumer surplus? What is the Riccardo Effect in relation to specialization and exchange? Who benefits from specialization and exchange in terms..
Prices for a hypothetical good have been falling over an extended time period. Describe at least two non-governmentally-caused market demand conditions that might explain these decreases in price. Be specific in your answer.
The question is relates to Economics, mainly to Macroeconomics and it is an essay about the government's strategy to enhance globalization in South Africa in terms of two major sectors.
make a graph showing gdp growth trend for the 5 countries.comment on the development. particular around and after the
question 1explain how the original phillips curve differs from the expectations-augmented phillips curve or the
What is the Consumer Price Index and how has the CPI behaved since the year 2000? What have been the causes of these changes? In your response, include a graph of the CPI for this period and cite your source.
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases.
Between your answers to parts b and c, which prices/capacity are best applied from a social welfare perspective? Why?
Some possible platforms on which to write are comparative advantage, gains from trade, World Trade Organization and trade restrictions.
List and explain the sources of expenditures in economy by focusing on the 4 major sectors of economy.
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