Jasica
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Economics Homework Help

Economics Homework Help Question 4. How does GDP differ from GNP?+ A. GNP measures the output of factors of production owned by a nation, while GDP measures production taking place in a nation. B. GDP measures national productivity, while GNP measures both national and international productivit)y-on but GNP measures income. D. GDP and GNP both measure production, so there is no difference between them. If a country employs many foreign workers, ...
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Jasica
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Economics Homework Help

Economics Homework Help Question 16. Capital goods are+ A. produced in one year, whereas final goods are produced over a period of more than one year. B. final goods, because they are not used up during a given year. C. a type of intermediate good. D. produced in the same year as the related final good, whereas intermediate goods are produced in different years- ...
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Jasica
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Economics Homework Help

Economics Homework Help Question Assume that an economy has 50 workers, each of whom works 3000 hours per year. If labor productivity is $8, total output for this economy will be: Select one: a. $150,000. b. $750,000. c. $1,000,000. d. $1,200,000. ...
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Jasica
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Economics Homework Help

Economics Homework Help Question In the short run, an unexpected increase in prices will reduce resource prices and increase the quantity of goods supplied. decrease the productive capacity of firms and decrease the quantity of goods supplied. increase the profits of firms, thereby leading them to expand output. increase the profits of firms, thereby leading them to reduce output. ...
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Jasica
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Economics Homework Help

Economics Homework Help Question In the short run, an unexpected increase in prices will reduce resource prices and increase the quantity of goods supplied. decrease the productive capacity of firms and decrease the quantity of goods supplied. increase the profits of firms, thereby leading them to expand output. increase the profits of firms, thereby leading them to reduce output. ...
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Jasica
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Economics Homework Help

Economics Homework Help Question Juan mows lawns in his neighborhood for extra money. Suppose the demand for lawn mowing in Joe's neighborhood is: QD = 482P and that the supply of lawn mowing ( Juans willingness to mow lawns) is: Qs= 12+P. The market-clearing price of lawn mowing is__ per lawn and the market-clearing quantity is ___ lawns. ...
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Jasica
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Economics Homework Help

Economics Homework Help Question 1. The reasons why per capita GDP in the U.S. is significantly higher than in some other rich countries like, say, France, include the following,except Multiple Choice A.communication technology due to language differences B. differences in the tax structure and the resulting incentive effects of taxes. C.substantially higher work hours put in by U.S. citizens than bycitizens of France. D.cultural differe ...
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Jasica
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Economics Homework Help

Economics Homework Help Question What are the opportunity costs of the 1st, 5th, 6th, 10th, 11th, 15th, 16th, 20th, 21st, and 25th units of clothing? Clothing Food 0 150 5 140 10 120 15 90 20 50 25 0 ...
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Jasica
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Economics Homework Help

Economics Homework Help Question 6. Two investments have the following expected returns (net present values) and stan- dard deviation of returns: JECT EXPECTED RETURNS () STANDARD D EVIATION () 50,000 40,000 250,000 125,000 Which one is riskier? Why? ...
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Jasica
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Economics Homework Help

Economics Homework Help Question Which of the following conditions must exist in order for a tax increase on a product to be 100% passed on to the consumer? 0 A. Demand has to be perfectly inelastic in nature O B. Crazy question, all tax increases are 100% ultimately paid for by the consumer ° C. The demand curve has to have a reletiviy mild slope D. Demand has to be perfectly elastic in nature ...
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