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One bag of flour is sold for $1.00 to a bakery, which uses the flour to bake bread that is sold for $3.00 to consumers. A second bag of flour is sold to a consumer in a grocery store for $2.00. Taking these three transactions into account, what is the effect on GDP?
a. GDP increases by $2.00.
b. GDP increases by $3.00.
c. GDP increases by $5.00.
d. GDP increases by $6.00.
Strong economic (or business) regulations can cause which of the following? What is the investment trade off? Name and explain the ground work for good economic growth.
According to economists, what is (are) the true cost(s) of a budget deficit? Does the "opening up" of an economy change the type of costs a deficit produces? Use an investment/savings diagram in your answer.
When aggregate demand shifts left along the short run aggregate supply curve, then unemployment?
q.a social scientist claims that the average adult watches less than 26 hours of television per week. he collects data
q1. write the economic analysis section of a business proposal. this will include statements about the market structure
What is the equilibrium price of books? What is the equilibrium quantity of books sold? When a price floor of $25 is instituted, compare the Quantity Supply and Quantity Demand. What happens when a price floor of $10 is instituted?
Which of the following practices would indicate that an employer is trying to overcome a principal-agent problem with his employees?
Use a diagram to show the consumer surplus , producer surplus and total surplus of the market for groceries in this small town. Now suppose these small supermarkets successfully form a cartel which behaves like a monopoly, How does this cartel affect..
You are a member of an area prescribing committee (APC) which is reviewing the treatment options for a cancer which is universally rapidly fatal (usually within months) if not treated. From a society perspective, which treatment generates the greates..
What is happening to the value of the U.S. dollar these days? What causes the value of the U.S. dollar to rise or fall? Who demands U.S. dollar? Who supplies U.S. dollar? When we purchase German products, does our demand for euro go up or down? What ..
A firm with the ability to affect the price of its product:
The Canadian government cuts spending by $1 billion using both words & diagrams, fully explain how this will affect the Canadian economy. a.) If Canada is a closed economy. b.)If the Canada is an open economy.
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