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1. Suppose that the GDP of California increases by 14% each year. How long will it take for the GDP of California to double? Round your answer to one digit after the decimal.
____ Years
2. Suppose that the GDP of Oregon today is exactly twice what it was 37 years ago. What was the average annual growth for Oregon over this time period? Round your answer to one digit after the decimal.
____ % each year
Illustrat what are the advantages of using capital in the production process. What is meant by the term "division of labor".
Explain why a perfectly competitive firm may continue to operate in the short-run even with a loss of profits.
Describe how changes in technology contributed to the globalization of markets - Explain how the Internet affects international business activity and the globalization of the world economy.
Please explain the significance of whether a contract must be in writing. This would include an explanation of the type of contracts that would fall inside and outside the Statute of Frauds.
Which program forces farmers to destroy millions of dollars worth of crops each year?
What are the characteristics that make Irelands international company different from domestic companies? Is this company successful? What makes this company a success or failure?
Provide the owner a detailed plan of what you intend to do to make his FBO profitable again. For instance, what specific areas are you going to look at to determine your plan to turn the business around?
Describe atleast 4 ways in which a firm can limit a worker's shirking. Ground your answer in an explicit theoretical framework(that you clearly state) that explains worker shirking behaviour.
Jim currently pays premium $P for his health insurance, which he purchases in a competitive health insurance market, and covers 80% of all his healthcare costs (i.e. 20% coinsurance rate; no deductible or catastrophic cap). If he were to instead purc..
Is market capitalism necessary for freedom? Explain why or why not. Are market economies necessarily “capitalist” and are command economies necessarily “socialist”? Why or why not? What causes macroeconomic instability of market capitalism? Explain.
Discuss opportunities to expand in U.S., what would take and potential hurdles firm would have to overcome. Be sure to identify specific retail companies that could potential sell CPI's products, markets that would be attractive and some of financ..
Name and discuss the four major theories that address the term structure of interest rates. In your discussion, indicate the strengths and weaknesses of each of the theories and which theory or theories appear to be the best accepted as explanations ..
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