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Assignment: The Key Concepts in Economics
consider romers growth model of chapter 6 and let a ?0 100 ?l 0.06 z ? 13000 and l ? 1000.a what is the growth
Find the equilibrium quantity and price. What is the total health expenditure on the services considered in the demand-supply functions?
What is the major problem in achieving an efficient use of the world's water If there were a global market in water, like there is in oil, how do you think the market would work Would a free world market in water achieve an efficient use of the ..
What is the expected rate of return on their investment if they buy u units of insurance? What number of units will minimize the standard deviation of their return? What is this minimum value? And what is the corresponding return?
1. assume the federal reserve board is undertaking anexpansionarymonetary policy. explain the details of how the
" Technological change eliminates thousands of jobs every year. Unless something is done to slow the growth of technology, ordinary workers will face a bleak future of low wages and high unemployment."
The Wall Street Journal reported that recent law school graduates were having a very difficult time obtaining jobs in the legal profession. Many law schools said that 10 to 20 percent of their graduates still had not found jobs.
draw an asad diagram which shows what happens if strong growth in ad has pushed actual rgdp to a level above potential
Nintendo and Sony Playstation are each planning to introduce one new game into the market. Each is considering three different kinds of games: an urban action game like Grand Theft Auto, an adventure game like Tomb Raiders, or a strategy game like..
Which of the following contradict (s) the classical explanation of the economy? 1) Voluntary unemployment 2) Frictional unemployment
You have some goods to auction. You have a friend who suggests that you use an English auction. What information do you want to know before you decide whether or not to take your friends advice?
Draw the budget constraint showing the trade-off between dining hall meals and Cups O’ Soup. Assuming that he spends equal amounts on both goods, draw an indifference curve showing the optimum choice. Label the optimum as point A.
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