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Firms in the circular flow
We divide all firms into 3 categories: FR comprises all firms which acquire raw material (farm products, iron ore and so on), FH all those that produce semi-manufactured goods (pulp, steel and so on) and FF all firms producing finished goods (cars, software and so on). We use symbol Y for GDP.
What are the potential advantages of economic growth? The potential advantages of growth include • More goods and services are accessible to satisfy more want and requireme
Consider the following prisoners' dilemma game. C D C 4,4 0,6 D 6,0 1,1
What is the difference between heckscher_olin theory and comparative theory
In order to encourage you to take interests in the current affairs in business, and have more concerns about the real world problems (which is what economics is about), you are req
assuming that B=0.33 Y1998=[0.33]Y1998 Estimate the permanent income for 1998
Q. Explain the Says Law? GDP, and Say's Law Aggregate supply Y S = f(L, K) in the classical model where L is concluded in the labor market while K is
explain the profit maximizing/loss minimizing rule may be applied under the 3 scenarios
Explain which of the two strategies is most likely to lead to development. Empirically, it seems rather evident that export-orientation has been more successful than import-sub
Explain, using the best framework you can think of (based on our class discussion), the effect of a large federal deficit on interest rates.
What are the pros and cons of reducing dependence on outsourcing in order to fulfill social obligations toward stakeholders?
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