schaum s easy outline of principles of economics based on schaum s outline of theory and problems of principl phần 9 pps

... Spanish Schaum s Easy Outline: Writing and Grammar SCHAUM S Easy OUTLINES P RINCIPLES OF E CONOMICS Based on Schaum s Outline of Theory and Problems of Principles of Economics (Second Edition) by ... Easy Outline: Trigonometry Schaum s Easy Outline: Business Statistics Schaum s Easy Outline: Principles of Accounting Schaum s Easy Outl...

Ngày tải lên: 09/08/2014, 19:22

... larger quantity of consumer goods and services in the future because of addi- tions to the economy s stock of capital resources. Here the economy s productive capabilities and thus production-possibilities ... the price of taxi rides is increased. 24 PRINCIPLES OF ECONOMICS E S is a pure number and is positive because price and quantity move in the same direction. S...

Ngày tải lên: 09/08/2014, 19:22

... GDP. 30 PRINCIPLES OF ECONOMICS is largely determined by personal income, income taxes, consumer expectations, consumer indebted- ness, wealth, and price level. Since consumption is impossible ... billion; for consumption function CЉ there is less saving at each level of disposable income than there is for consumption function CЈ. 38 PRINCIPLES OF ECONOMICS aggregate demand o...

Ngày tải lên: 09/08/2014, 19:22

... $600? Solution: a. Consumption for each level of disposable income is found by sub- stituting the specified disposable income level into the consumption 42 PRINCIPLES OF ECONOMICS 2. A production shortage ... the business sector from consumer spending? e. What is the relationship of the cost of producing output and the money receipts of businesses when there are only consumer e...

Ngày tải lên: 09/08/2014, 19:22

... 66 PRINCIPLES OF ECONOMICS Depository institutions (commercial banks, savings and loan associ- ations, and credit unions) borrow savers’ money balances and lend them to individuals, businesses, ... its net tax revenues and/ or spending. Fiscal policy, however, is not as easily implemented or as successful as first suggested. Suppose a recessionary gap exists. Will Congress and t...

Ngày tải lên: 09/08/2014, 19:22

... steeply sloped, demand increases have a smaller effect upon output than when aggregate supply is less steeply sloped. 80 PRINCIPLES OF ECONOMICS 84 PRINCIPLES OF ECONOMICS Supply-Side Economics Concern ... banking system. 70 PRINCIPLES OF ECONOMICS are numerous reasons why the private sector holds money balances. These reasons can be categorized into types of demand, as...

Ngày tải lên: 09/08/2014, 19:22

... industries; and (4) to pro- tect industries important for national defense. Most of the arguments are invalid and are based on misconceptions. 90 PRINCIPLES OF ECONOMICS Note! Utility maximization ... leads to higher unemployment in those nations whose exports to the U .S. have 94 PRINCIPLES OF ECONOMICS CHAPTER 9: Economic Growth and Productivity 85 True or False Q...

Ngày tải lên: 09/08/2014, 19:22

... purchase the sixth unit of Y, the individual should spend more on X and less on Y. As she buys more X, the consumer moves down her diminishing MU x schedule. As she buys less of Y, she moves up ... increases in a smaller proportion, giving decreasing returns to scale or increasing costs. In- creasing returns to scale or economies of mass production may result be- cause of divisi...

Ngày tải lên: 09/08/2014, 19:22

... the monopolist incurs a per- unit loss of HG and a total loss of HG times OB. Only if P > AVC (so that TR > TVC) will the monopolist stay in business and minimize short-run total losses by ... cause an upward shift in the demand curve it faces. (This, however, will also shift cost curves up.) If this monopolist still incurs a loss after having con- sidered all of these possibi...

Ngày tải lên: 09/08/2014, 19:22

... productive resource? Solution: a. Firms demand resources in order to produce final commodities. It is the consumers’ demand for final commodities that ultimately gives rise 136 PRINCIPLES OF ECONOMICS 130 PRINCIPLES ... and long apprenticeships and requirements that employ- ers hire only union members. This is done primarily by craft unions (i.e., unions of such skilled workers as...

Ngày tải lên: 09/08/2014, 19:22