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1. Describe some of the causes of urban gianrism in developing countries.
2. Why have poor nations invested so much money in education and health? Evaluate the soundness of these reasons.
Economic analysis helps to forecast the quantitative performance of a solution alternative. One of the objectives of CMMI-ACQ is to establish and maintain a quantitative understanding of the performance of selected processes because it stresses qu..
Assume a perfectly competitive firm is maximizing a profit at some output at which long -run a verage total cost is at a minimum then. If a profit seeking competitive firm is producing its profit -maximizing output and its total fixed costs fall by 2..
Do some research on the Great Depression and the New Deal. Also look up Keynesian economics. Based on your research, could the lessons learned from the New Deal and Keynesian economics be applied to today's slow economy? What was the New Deal? What i..
The equation of exchange is an identity that relates the money supply, velocity, the price level, and real output. An identity is something that is true by definition.
You are the manager of a firm that receives revenues of $60,000 per year from product X and $80,000 per year from product Y. The own price elasticity of demand for product X is -1.5, and the cross-price elasticity of demand between product Y and X is..
Suppose that an economy has the Phillips curve. What is the natural rate of unemployment? Graph the short-run and long-run relationships between inflation and unemployment.
Evaluate the following article and provide your strategic response as a firm in one several industries mentioned in the article
A worker in Rhode Island can produce 1 pound of corn in 15 minutes and 1 pound of shucked oysters in 10 minutes. A worker in South Carolina can produce 1 pound of corn in 20 minutes and 1 pound of shucked oysters in 60 minutes. Which state has a comp..
Suppose now that the country imposing the export tax in part (a) of this question is a “large” country rather than a “small” country. Is it an advantage or a disadvantage for a country to be “large” rather than “small” when it imposes an export tax? ..
Suppose you read in the newspaper that all last week the Fed conducted purchases in open market, and that on Tuesday of last week it lowered the discount rate.
Suppose that Jean is an unskilled worker who is making the market wage of $7 per hour and that the market for unskilled labor is competitive. Assume there is no minimum wage. If Jean could lobby the government, what position should she take regarding..
Consider the following firm (indirect) cost function: C(v,w,q) = 2(q·v·w)0.50. At q0 = 100, w = $20, v = $5, the (contingent) quantity demanded for labor input lc is what number? NOTE: write your answer in number format, with 2 decimal places of prec..
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