What components of GDP (if any) would each of the following transactions affect? Explain. Remember Y=C (Y-T) + I (R) + G+X-M a. A family buys a new refrigerator. (Consumption expenditure includes durable and nondurable goods)

Robert Bryan, Jr., earns $400 per week plus 3% of sales in excess of $7,000. If Robert sells $21,000, how much are his weekly earnings?

Which of the following actions explains mass customization? Firms tailor their products and services to meet a customer's particular needs on a large scale. Firms provide immediate communication and feedback to and from customers.

An effective price ceiling is imposed in a market. This leads to the development of an illegal black market for the product.

Companies such as IBM, Walmart, and Google now look beyond economic gain and, in their marketing strategies, they also consider the well-being of customers, the depletion of natural resources, the viability of suppliers, and the interests of the

What is the goal of all economic decisions in a market economy?

Parent sold land to its subsidiary resulting in a gain in 2016, the year of transfer. The subsidiary sold the land to an unrelated third party for a gain in 2019.

Suppose american winemakers convince the federal government to issue a directive to serve only domestically produced wine at governement functions. This would be an example of.

If there are external benefits associated with the consumption of a good or service:a. The private demand curve will underestimate the true demand curveb. The market demand curve will be the vertical summation of the individual demand costsc.

At chaparral steel, delivery times, sales, profits, and customer service and loyalty have been boosted by a system that gives customers electronic access to the mill's inventories. what is the name of this kind of system?

What is the difference between a layoff and being fired?