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Which one of these best describes a factor market? Who is the merchant/seller in a factor market?
A. businesses buy factors of production from households.
B. households buy factors of production from businesses.
C. businesses produce goods and services and sell them to households.
D. government produces goods and services and supplies them to households.
What the multiplier effect is and what it means. Explain to me in your own words what it means and what the concept entails. If Investment in an economy rises by $20 billion and GDP increases by $80 billion, what is the multiplier effect?
Two mutually exclusive alternatives are being considered for the environmental protection equipment at a petroleum refinery. One of these alternatives must be selected. Which environmental protection equipment alternative should be selected? the firm..
Think about the demand for the three game consoles: Xbox, PS3 and Wii. Explain the effect of the following events on the demand for Xbox games and the quantity of Xbox games demanded, other things remaining the same.
Two identical countries, Country A and Country B, can each be described by a Keynesian-cross model. The MPC is 0.8 in each country. Country A decides to increase spending by $1 billion, while Country B decides to cut taxes by $1 billion. In which cou..
What is the rationale for subsidizing some telecommunications services (such as Internet access) for some people and institutions? Discuss. How would Ramsey suggest that policymakers resolve the tension between universal service policies on the one h..
The unemployment rate is an example of a Federal Reserve
What is retained earnings. What items increase balance in retained earnings. What items decrease balance in retained earnings.
which of the following is the best explanation for the state's historic reliance on severance taxes on oil and gas production.
Why can a monopoly make a positive economic profit even in the long-run? Why does a single-price monopoly produce a smaller output and charge more than the price that would prevail if the market were perfectly competitive? How does a monopoly transfe..
Analysis of Viet Nam economy's GDP composition and growth over time, as well as an investigation of Viet Nam's basis for income generation and any and all constraints to growth.
Provide a succinct statement regarding the value of the article. III. What new ideas or amplification of existing ideas emerged as a result of reading the article?
u.s. trucking pays its drivers 40000 per year while american trucking pays its drivers 38000 per year. for both firms
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