Economics - February 2007

2007-02-18 13:16:21 · 8 answers · asked by scallywag 3

I'm working on an assignment for my online college course-MacroEconomics and I don't really understand CPI.

The higher the CPI in a city, the worse it is to go there? Correct? Because that means the prices there are much higher for goods and services. Am I correct?

2007-02-18 12:14:02 · 4 answers · asked by deltaflaze 1

"You are provided with the following data on the economy of Iberia: GDP was $100 billion, net taxes were $18 billion, government purchases of goods and services were $20 billion, household saving was $15 billion, consumption expenditure was $67 billion, investment was $21 billion, and exports of goods and services were $30 billion. "

I need to find the net exports but can't do that without the import value, but I don't know how to get the number with this set of data.

2007-02-18 12:01:45 · 1 answers · asked by ohok 2

Firm X increases its labor input while its capital input remains fixed. The total output curve of the firm is upward rising but with a decreasing slope. What is the reason for this?


The total output decreases with an increase in labor.

The total output decreases with constant capital.

The marginal product of labor decreases with an increase in labor.

The marginal product of capital increases with an increase in labor.

The marginal product of labor increases with constant capital.

2007-02-18 11:55:10 · 2 answers · asked by stevie 1

2007-02-18 11:53:29 · 10 answers · asked by belovedlover 1

product per dollar of labor is ?

more than the marginal product per dollar of capital.
equal to the wage.
equal to one.
equal to the cost of capital.
equal to the marginal product per dollar of capital.

2007-02-18 11:40:51 · 2 answers · asked by stevie 1

get kinked.
not be affected.
become horizontal.
shift outward.
shift inward.

2007-02-18 11:38:57 · 4 answers · asked by stevie 1

is fixed by the government.
is less than the value of their marginal product.
is more than the value of their marginal product.
is double the value of their marginal product.
is equal to the value of their marginal product

2007-02-18 11:36:07 · 2 answers · asked by stevie 1

I guess Mr. Crusoe is the only individual that has so many economists helping out with his economic problems. True is, its starting to get a bit sickening now when i see his case sited over and over again in so many research papers. Just out of curiosity, which ground breaking masterpiece is this example from originally?

2007-02-18 11:24:42 · 3 answers · asked by Cici Y 2

2007-02-18 09:55:51 · 5 answers · asked by Richard C 1

also whats the difference between Actual growth and Potential growth?
Thank You

2007-02-18 09:24:43 · 2 answers · asked by The dude 5

I have to do a survey for a paper.

2007-02-18 09:14:28 · 4 answers · asked by Angel 3

Which is true 1. A change in demand is caused by a decrease in the price.
2. Achange in demand shifts the supply curve to the left or right
3. A change in demand shifts the entire demand curve either to the right o left.
4. A chande demand is caused by an increase in the price of the good.

2007-02-18 09:00:41 · 2 answers · asked by dora p 1

ISN'T IT IRONICAL AND A BIT UNFORTUNATE THAT FOR A GOOD LIVING WE SPEND MOST OF OUR TIME OCCUPIED EITHER PHYSICALLY OR MENTALLY IN EARNING A LIVING?

2007-02-18 08:59:36 · 6 answers · asked by Vikas Singh 2

2007-02-18 08:49:42 · 2 answers · asked by Anonymous

do you think you are one of those people.

2007-02-18 08:49:41 · 1 answers · asked by Anonymous

homeless woman living in a car? yes? or no and why

2007-02-18 08:32:31 · 5 answers · asked by alexander s 1

Use three classes>

2007-02-18 08:26:53 · 4 answers · asked by JLove 2

please explain this to me?

2007-02-18 07:27:26 · 7 answers · asked by iu_hoosier20 4

What economic factors have led to this? How has this affected productivity of the UK as compared to other Western european countries ?

2007-02-18 07:10:31 · 1 answers · asked by Mark A 1

In the world of international trade, currencies are one of the items exchanged, depending upon their value. Discuss the factors which affect rates of currency exchange and the dollar*s value against other currencies. What affects can inflation in America, interest rates in the U. S. and other factors have upon the dollar*s exchange rate? What can the U. S. Government do if it wanted to control the fluctuations in the exchange rate of the dollar?

2007-02-18 06:05:26 · 2 answers · asked by Economic Biotch===> 2

Should the Federal Reserve System focus only on controlling inflation?

2007-02-18 06:02:06 · 4 answers · asked by Economic Biotch===> 2

What problems can an increasing federal debt create for the country? Can deficits be good for an economy?

2007-02-18 05:55:25 · 1 answers · asked by Economic Biotch===> 2

what are the divisions of the dollart and names used to them inside USA

2007-02-18 04:40:22 · 2 answers · asked by hamoody 1

2007-02-18 04:33:12 · 8 answers · asked by raziya k 1

"You are provided with the following data on the economy of Iberia: GDP was $100 billion, net taxes were $18 billion, government purchases of goods and services were $20 billion, household saving was $15 billion, consumption expenditure was $67 billion, investment was $21 billion, and exports of goods and services were $30 billion. "

I need to find the net exports but can't do that without the import value, but I don't know how to get the number with this set of data.

2007-02-18 04:25:59 · 1 answers · asked by ohok 2

WE ALL KNOW THAT INDIA IS NOT RICH AS AMERICA,RUSSIA SO HOW INDIA CAN BECOME THE WORLDS RICHEST COUNTRY

2007-02-18 02:58:18 · 17 answers · asked by JATIN 1

The reason that most people are experiencing extreme hardships such as starvation and thirst is because they don't have any money for fresh food and water. If we eliminated all money, would that eliminate the hardships?

2007-02-18 02:45:01 · 7 answers · asked by nedoglover 4

Infaltion indicates Economic Mis-Management.

Whenever a product is bought or sold beyond its real price for its worth, then Inflation of money occurs.

One example I can quote for this.

After the MNC's arrival and raising the professional engineers salary beyond 60K per month, the Builders and Banks seems to join hand together to inflate the price of rural lands for building Lifestyle apartments with swimming pools and landscaping.

Since loans are available easily engineers blindly take loans to buy their dream home because they can afford and also home is a basic necessity. Also pride sets in for buying such homes.

Here the true price of land and house is inflated 3 to 5 times and all that extra inflated price goes to the Builders as profit. Here the inflated price amount does not do any real improvement for the geneal economy.

Govt and RBI should evaulate the real price and stop the builders from devouring all the inflated money.

2007-02-17 18:35:56 · 10 answers · asked by Eswaraaa 1

The factors to be considered in buying products?

2007-02-17 17:50:09 · 2 answers · asked by isabel v 1