Running head: Wassily W. Leontief
Wassily W. Leontief
Miami Dade College
Wassily W. Leontief
Originally from Germany, Wassily W. Leontief was a Russian-American economist who
made a remarkable contribution to economic by developing input
Variable costs are those costs that vary depending on a company's
production volume; they rise as production increases and fall as production
decreases. Fixed expenses or costs are those that do not fluctuate with
changes in production level or sales volu
Monopolistic competition is associated with
high profit margins in the long run.
increasing returns to scale.
explicit consideration at the firm level of the strategic impact of other
firms' pricing decisions.
Patterns of interregional trade are primarily determined by _ rather than
_ because factors of production are generally _.
internal economies; population;
population; external economies;
external economies; natural
If a good is labor intensive it means that the good is produced
using relatively more labor than goods that are not labor
using labor as the only input.
using more labor per unit of output than goods that are not
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Which of the following has been confirmed by empirical tests of the
All predictions of the model for a multi-product, multi-country world are
The existence of nontraded goods results in a
Size Matters: The Gravity Model (cont.)
In fact, the size of an economy is directly
related to the volume of imports and
Larger economies produce more goods and
services, so they have more to sell in the export
Larger economies generat
1. The government uses tax credits and other tax advantages to:
prevent people from specializing in a certain economic activity.
discourage people from getting more education.
discourage people from saving.
provide incentives for people to
Mgmt. Acct test review
12-1 wont be covered due to its complexity
Discount=bonds pay (OG note face amount) -cash
Classifying cash flows
Free cash flow
Horizontal and vertical analysis WILL b
ECO2013: INTRODUCTION TO MACROECONOMICS
Reference No.: 895440
TEST TWO April 8, 2016
INSTRUCTIONS: Answer SIX of the following NINE short answer questions and the essay question
numbered 10 in your Blue Books; write legibly and on every other line. Be min
Page 1 of 48
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establish which default
Name: _ Date: _
1.Which of the following is considered investment spending in macroeconomics?
GM builds a new plant to manufacture automobiles.
Ryan Jones buys some GM stock.
Ryan Jones buys some GM bonds.
Ryan Jones buys some GM stock and bon
December 14, y
As we know in 2009 we went through one of the worst financial crisis since 1930.
The crisis surfaced in 2006/2007 when housing began to drastically drop. We expected
the housing mark
Choosing to attend college as been a goal for not only me but for my family since I will be the
first one to go off to college. With being at a local community college it will be able to allow me to say
ASH1044 - Middle Eastern History and Civilization
Tuesday & Thursday, 2:00-3:15
2400 Heath and Wellness Center
Office: BEL 454
Office Hours: Tuesday & Thursday, 3:30-4:30
ASH1044(W)(X) Middle Eas
Social Psychology of Groups
SYP 3000 Summer 2013 - online
Doug Schrock: firstname.lastname@example.org
Justine Gunderson: email@example.com
Keith Richard: firstname.lastname@example.org
Preeti Vaghela: email@example.com
Sociological social psych
BUL3310 Exam 1 Study Guide
Business Law Course Tools
1. Semantics- The branch of the science of language that deals with the meaning of words.
a. Koikos Case(in course documents): A dispute over the meaning of occurrence in an
insurance policy determined