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Questions
1. What does the level of a nation's GDP measure? What does the growth rate of GDP measure? Would you rather live in a nation with a high level of GDP and a low growth rate or in a nation with a low level of GDP and a high growth rate?
2. List and describe four determinants of productivity.
3. In what way is a college degree a form of capital?
4. Explain how higher saving leads to a higher standard of living. What might deter a policymaker from trying to raise the rate of saving?
5. Does a higher rate of saving lead to higher growth temporarily or indefinitely?
6. Why would removing a trade restriction, such as a tariff, lead to more rapid economic growth?
7. How does the rate of population growth influence the level of GDP per person?
8. Describe two ways the U.S. government tries to encourage advances in technological knowledge.
Digby's product manager is considering lowering the price of the Dim product by $2.50 and wants to know what the impact will be on the product's contribution margin. Assuming no inventory carry costs, what will Dim's contribution margin be if the ..
Commentary Task Assignment - Briefly summarise the main ideas in the article, using at least two quotes from the article to support your comments
A night vision goggle manufacturer is evaluating a make-versus-purchase situation for a component used in its low-priced products. The component can be purchased at a variable wholesale price of P=1200+50y where y is the number of items.
In this two paragraph reaction paper, please evaluate this assumption. Consider the following questions. What does per capita GDP growth actually measure
What do economists mean when they say Social Security and Medicare are "pay-as-you-go" plans? What are the Social Security and Medicare trust funds, and how long will they have money left in them? What is the key long-run problem of both Social Se..
Suppose that two countries are exactly alike in every respect except that population grows at a faster rate in country A than in country B.
Explain how might a high school student's experience with inflation differ from an employed urban adult.
Explain the process in the AD-AS model by which the economy achieves long-run equilibrium following a permanent reduction in exogenous taxes.
For this assignment, search the CSU Online Library and the Internet for an example of a company that has made a make or-buy decision. Provide an example of a company that has made this kind of decision. What considerations were involved in the dec..
What roles do physical capital, human capital, technology, and natural resources play in influencing long run economic growth of aggregate output per capita?
When on leave, workers receive 55 percent of their normal pay. What are the likely responses on the demand (employer) side of the labor market? Include in your analysis a consideration of factors that would affect the size of these responses.
Describe the characteristics of the lattice organization at W.L. Gore as described by Gary Hamel Which elements in Gore's model are compelling to you. Which elements of the Gore model are least compelling to you
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