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Lecture Notes for ECON 2006 - Principles of Economics with Glynn at Virginia Tech (VT)

Notes Information

Material Type:Note
Professor:Glynn
Class:ECON 2006 - Principles of Economics
Subject:Economics
University:Virginia Polytechnic Institute And State University
Term:--
Keywords:
  • Income Approach
  • Unemployment Compensation
  • Structural Unemployment
  • Expenditure Approach
  • The Newspaper
  • Excess Supply
  • Complements
  • Nondurable Goods
  • Cost of Production
  • Supply Side Economics
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1. 2. 8eoN ~oolo A leather manufacturer sells $2.00 worth of leather to a baseball manufacturer, who then sells a baseball to a retailer for $3.00, and the retailer t~;~ ~:e baseb~ll t~ a custome~ for by the <15"S~ ]] ctur~ 1n th1S example 1S $5.00. The value added ?) b. $1. 00 $2.00 c. $3.00 d. $4.00 $5.00 e. VulLitg

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