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1. Why are economists concerned with economic growth?
2. How is capital deepening related to savings?
3. Why is there a limit to capital deepening?
4. What roll does government play in economic growth?
5. Why might education, foreign aid, infusion of new machinery, and efforts to stem population growth not imroved the standard of living in a lot of developing countries?
given the current economic situation determione the steps the federal reserve should take to help stabilize our
Distinguish between explicit and implicit costs, giving examples of each. What are some explicit and implicit costs of attending college 2. Distinguish between accounting profit, economic profit, and normal profit. Does accounting profit or econom..
In 1982, nominal GDP decreased by 2% while real GDP increased 4%. What explains the difference between nominal GDP and real GDP? Which is a better indicator of how the economy is performing?
a firm produces digital watches on a single production line serviced during one daily shift the total output of watches
consider a market characterized by the following inverse demand and supply functions px 50 - 4qx and px 10 2qx.
Critique or defend two (2) of Jevons' views on public policy. Substantiate your position with evidence of the success or failure of current public policies favored by William Stanley Jevons.
1. college education provides higher income for the individual but also a more productive and more educated person who
q1-you are on the board of directors of a nonprofit art museum supported by donations from wealthy members of the
Does this case illustrate the law of diminishing marginal productivity and in this case, less and less of a single factor, labor, is being used. Does this have anything to do with the law of diminishing marginal utility?
Describe the effect of each of the following events on the market for labor in the computer manufacturing industry. Use graphs.
which would be least likely to cause the production possibilities curve to shift to the right a. an increase in the labor force b. improved methods of production c. an increase in the eduction and training of the labor force d. a decrease in unemploy..
You need to hire some new employees to staff your startup venture. You know that potential employees are distributed throughout the population as follows
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