external scale economies - -when the average cost of the typical firm declines as the output of the industry within a geographic area increases -internal scale economies - -firm specific, caused internally -product differentiation - -the process of distinguishing a product or service from others...
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Americans buy stock in Mexico - --FA purchase of foreign asset -sell dollars for pesos and the mexican firms buy american goods - -+CA US export -Sell dollars to the central bank for pesos - -FA+ fed reduces foreign currency holdings -Americans import goods from china - -CA- US im...
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Add to cartAmericans buy stock in Mexico - --FA purchase of foreign asset -sell dollars for pesos and the mexican firms buy american goods - -+CA US export -Sell dollars to the central bank for pesos - -FA+ fed reduces foreign currency holdings -Americans import goods from china - -CA- US im...
external scale economies - -when the average cost of the typical firm declines as the output of the industry within a geographic area increases -internal scale economies - -firm specific, caused internally -product differentiation - -the process of distinguishing a product or service from othe...
Preview 1 out of 2 pages
Add to cartexternal scale economies - -when the average cost of the typical firm declines as the output of the industry within a geographic area increases -internal scale economies - -firm specific, caused internally -product differentiation - -the process of distinguishing a product or service from othe...
National Income Accounting - -Measurement of the national economy's performance, dealing with the overall economy's output and income -Gross Domestic Product (GDP) - -Total dollar value of all final goods and services produced in a nation in a single year -Net Exports - -difference between w...
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Add to cartNational Income Accounting - -Measurement of the national economy's performance, dealing with the overall economy's output and income -Gross Domestic Product (GDP) - -Total dollar value of all final goods and services produced in a nation in a single year -Net Exports - -difference between w...
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