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When factors of production are combined to produce a particular level of output, what would be the effect on total product when all factors are kept fixed and only one factor is varied. For example, when the amount of land used for producing a particular crop is kept the same, and the other factors of production like labour, fertilisers, etc is increased.
Assume the entire economy contains $5000 worth of one-dollar bills. If people fail to deposit any of the dollars, but instead hold all $5000 as currency, how large is the money supply?
How should policy makers determine the amount of money that should be allocated for research curing heart disease? they should base their decision on the value of the total benefit of research on curing other diseases or else.
How does an economy achieve macroeconomic equilibrium? What affect does a high level of inflation have on macroeconomic equilibrium?
Discuss the impact of the national debt on the American economy. Use principles and concepts you have learned in this macroeconomics class.
Why does the assumption of independence of risks matter in examples of insurance What would happen to premiums if the probabilities of houses burning were positively correlated Cam you think of a situation where they might be negatively correlated
Determine the main differences between re-engineering and continuous Improvement as Quality Management Philosophies?
Determine whether each of the following would be included in 2002 United State gross domestic product,
Smokey's Garage, Inc., provides routine auto diagnostics for customers in the Atlanta metropolitan area. Tests are supervised by skilled mechanics using equipment produced by two leading competitors in the auto test equipment industry. Records f..
Suppose that consumption schedule for a private open economy is such that consumption C=50+0.8Y. Suppose further that planned investment Ig and net exports Xn are independent of the level of real GDP
The rule established by the Hadley case is "when damages are awarded, compensation can only be awarded for injuries that the defendant could reasonably have forseen as a probable result of the usual course of events following a breach."
Show how a UK exporter can avoid exchange risk by covering in either the spot market or the forward market. When will the exporter be indifferent between these two forms of cover.
Illustrate what is the size of the labor force. What is the official unemployment rate.
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