Define neuroeconomics
What will be an ideal response?
Neuroeconomics studies the activity of the human brain when it makes an economic decision.
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Refer to Figure 4.1, which shows Molly's and Ryan's individual demand curves for compact discs per month. Assuming Molly and Ryan are the only consumers in the market, if the market quantity demanded is 5, the price must be
A) $3. B) $6. C) $9. D) $12.
If the GDP deflator rises from 185 to 190, what is the rate of inflation between the two years?
A) 270% B) 50% C) 5% D) 2.7%
Nominal gross domestic product for the United States was $7,661.6 billion in 1996 and $8,110.9 billion in 1997 . The GDP deflator was 109.5 in 1996 and 111.6 in 1997
a. What was the 1997 real GDP expressed in 1996 prices? b. What were the 1996 and 1997 GDPs expressed in base-year prices? c. What was the percent change in the nominal GDP between 1996 and 1997? d. What was the percent change in real GDP between 1996 and 1997? e. What was inflation between 1996 and 1997?
What is the domestic exchange equation of Portugal?
