Illustrate major economic flows that link U.S. with nations
Illustrate major economic flows that link U.S. with nations. Provide an example to illustrate each flow. Explain the relationship between the top and bottom flows.
Expert
The 4 major economic flows are:
1. The flows of goods and services
2. The flows of capital equipment and labor
3. The flows of information and technology
4. The flows of money.
The financial flows provide the money necessary to pay for exports and imports.
Comment on the following statement from a newspaper article: “Our junior high school serves a splendid hot meal for $1 without costing the taxpayers anything, thanks in part to a government subsidy.”
Explain how government might manipulate its expenditures and tax revenues to reduce unemployment?
Illustrate Scarcity and choice of Economic Perspective?
Briefly describe composite cost of capital? And also describe the procedure to calculate composite cost of capital?
The key model underpinning David Hume’s price-specie flow mechanism which most mercantilists failed to grasp is termed today as: (i) the equimarginal principle. (ii) the wages-fund doctrine. (iii) the quantity theory of money. (iv) partial equil
How does society decide its optimal point on the production possibilities curve?
Elucidate how Personal income tax is a major source?
Define the Legal forms of businesses?
Illustrate the 2nd function to promote and maintain competition?
Concept of Adam Smith that the market system automatically adjusts as when guided through an “invisible hand” most intimately resembles: (1) flows of electricity across the microcircuits within computer chips. (2) homeosta
18,76,764
1928332 Asked
3,689
Active Tutors
1436294
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!