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.
Briefly describe the term explicit cost and implicit cost?
Briefly describe the term Benefit Cost Ratio (or B/C Ratio) or Profitability Index (or PI)?
numbers of sellers in pure competition?
Industries that are described as "contestable": (w) will experience long-run economic profits equal to zero. (x) are difficult for firms to enter, but not to exit. (y) are difficult for firms to exit, but not to enter. (z) will charge prices greater t
Give a brief introduction of the term net present value? Write down its admittable rules, their merits and demerits?
Elucidate redistribution of income?
How will the system accommodate change?
Favor laissez- faire economic policies tended by Adam Smith, who also: (w) saw the requirement for several state intervention. (x) believed there were no conditions in which the government must intervene. (y) supported most government
Illustrate the advantage and disadvantage of Sole proprietorship?
What do you understand by the term internal rate of return?
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