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Consider the following model of economic growth:Yt=AtLyt(1) Δ At=z‾AtLt(2) L‾=Lyt+Lat(3) Lat=l‾L‾(4)
Discuss differing views of the same landscape in the context of globalization of culture and Internet accessibility. 200 words or more
Country B Apples=36 Bananas=15 1. Calculate the pretrade relative price of Apples in terms of Bananas. Relative price of Bananas 2. Which country has a compartive advantage in Apples ANd in Bananas
Service sector outputs could be expected to increase in price less than industrial sector outputs as an economy grows. Labor productivity rises as the amount of capital available to workers increases. A superior level of technology is an important re..
Assume that labor supply is perfectly inelastic. If the demand for labor is inversely related to the real wage, what would the effect of a minimum wage be if it was an effective price flor in the labor market
Briefly explain how this will affect money supply over time and how, even without any intervention on the part of the government or the central bank, the economy would self adjust over the following few years.
your company wants to increase revenue and has asked you to work on a project to determine whether the demand for a
If a firm’s expansion path is a straight line starting on the origin, that implies that we have constant returns to scale (Hint – think of the Cobb-Douglas production function).
When using the traditional command-and-control approach to environmental regulation, the government attempts to: a. make allowances for differences across industries and between firms. b. set standards that are applicable to all situations and does n..
consider that mcds big mac hamburgers are goods. how does and increase in consumers income affect the demandfor mcds
What is quantitative easing. Hasn't the Fed already tried quantitative easing. When. What were the results. Discuss the method of quantitative easing used by the Federal Reserve during the most recent U.S. recession, including any criticisms of th..
Most likely to be an implicit cost for Company X
Suppose the government wants to increase farmers" incomes. Why do price supports or acreage-limitation programs cost society more than simply giving farmers money?
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