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Sometimes when the citrus crop freezes in California or Flordia, the media report that even though there are fewer fruit available for consumers, "the total value of the crop has increased," or words to that effect. How can this be? What does this say about the deman for citrus?
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
Discuss some differences between content theories and process theories, include how these relate to validity and reliability. Using your explanation, present some aspect of how theory informs organizational practice. Give an example of a practice ..
The bonds are identical in every way (e.g. they have the same coupon payment, maturity data, etc.), except that A is "riskier" than B - i.e. you think the probability of full payment of principal and interest is lower for A than it is for B.
What are the three different approaches used to schedule advertising, and under what conditions are they used. Describe/discuss the communication process of both traditional (mainstream) media and social media.
How much additional income would the consumer need to reach the prior level of utility at the new prices and How many units of X and Y does the consumer purchase?
You have the following information concerning the production of wheat and cloth in the United States and the United Kingdom:
What does a contractionary gap imply about the actual rate of unemployment relative to the natural rate. What must happen to real and nominal wages in order to close a contractionary gap.
The company selling the good starts an advertisement campagin that has the following effect on the consumer: he makes decisions as if maximizing a decision utility function given by ..
Assume there are two types of consumers: type A consumers have a demand Q = 10 ? P for widgets, and consumers of type B have a demand Q = 5 ? P. Assume that there are 10 consumers of each type. (a) Calculate the market demand.
Describe what effect a contractionary fiscal policy would've on the price level and real GDP starting from full employment equilibrium.
Should a country's income be distributed to its members according to their contributions to the members' requires? Should society attempt to equalize income/economic opportunities?
Illustrate and explain the interaction of households, businesses, government and global markets in the circular flow of economic activity.
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