Suppose there are 3 goods in the economy, A-C. The year one quantity of each is 11A, 25B, 28C. year one prices are $1.20 for each unit of A, $2.10 for each unit of B, $3.30 for each unit of C. The year two quantity of each is 10A, 21B, 27C. year two prices are $1.80 for each unit of A, $2.90 for each unit of B, $4.10 for each unit of C. Year number one is the Base-year. Nominal GDP in year one equals and in year two equals Real GDP in year one equals and in year two equals (Make sure you show your calculation and round up to the nearest hundredth)

Dollar shave club is an ecommerce start-up that delivers razors to its subscribers by mail. by doing this, dollar shave club is using a(n) to disrupt an existing market. a. innovation ecosystem b. architectural innovation c. business model innovation d. incremental innovation

About 20 years ago, sturdy light, inc., produced a sturdy, lightweight backpack in a market that was rapidly growing. sturdy light became a leader in this market. eventually, the backpack market reached the maturity stage and slowed down. however, by this time, sturdy light had developed a strong brand name and continued to steadily lead the market. which of the following describes this scenario? a. sturdy light was a star that developed into a cash cow. b. sturdy light was a question mark that developed into a star. c. sturdy light was a dog that developed into a question mark. d. sturdy light was a cash cow that developed into a star.

Arguments made against free trade include all of the following exceptdumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against. national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not. free trade is inflationary and should be restricted in the domestic interest. if foreign governments subsidize their exports, foreign firms that export are given an unfair advantage that domestic producers should be protected against. infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older, more established foreign industries.