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In what sense is real GDP per capita a measure of the standard of living?
Describe how real GDP per capita has changed throughout the world from 1820 to the present. 1.3 How is labor productivity related to the standard of living?
In what ways is real GDP per capita a poor measure of the standard of living?
Discuss the advantages and disadvantages of free international trade and Keynesian giving emphasis in the demand-side of the economy and Explain why under fixed exchange rates the monetary policy is not effective.
What is the core issue in this interest group politics Which groups are pro limits Which groups would you imagine are lobbying against Are these peak associations or public interest groups What does Goldsmith mean by industry capture
Calculate the cross-price elasticity for the following goods. Are they complements or substitutes?
Tennessee just instituted a state lottery. The initial jackpot is $100,000. If the first week yields no winners, the next week's jackpot goes up, depending on the numbers of previous players who placed the lottery bets. The probability of winning ..
A small-volume foreign auto maker limits the number of its franchised dealers in the United States and gives them exclusive territories. There are also non-dealers who have no official connection with the manufacturer.
Explain the advantages and disadvantages of using a change in the tax rate to achieve the desired increase in output.
One of the biggest risk factors for multi-nationals enterprise (MNEs) is using the potential volatility of exchange rates. Explain mechanisms that can be used to alleviate the risk, including discussion of ways in which an MNE might increase profi..
Why is capital relative scarce in low-income developing countries and relatively abundant in high income countries? In brief describe the capital market institutions in a developing country that you are familiar with.
Explain demand for cassette players is price elastic also they are cyclical normal goods.
What is the contribution of the growth of total factor productivity growth (dA/A) to that growth? What is the contribution of a faster rate of capital growth compared to labor force growth α[dK/K - dL/L] to increases in Y/L?
The MidNight Hour, a local nightclub, earned $100,000 in accounting profit past year. This year the owner, who had invested $1 million in club, decided to close club.
Illustrate what is the labor variance for the month. Illustrate what is the labor efficiency rate for the month.
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