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Question: After the Korean won devalued by approximately 50% in late 1997 and the economy plunged into a severe recession in 1998, the economy rebounded strongly, with the growth rate returning to 9.3% in 2000. Without becoming an expert on the Korean economy, what do you think were the underlying factors that caused real growth to rebound so much more rapidly in Korea than in other east Asian nations that also devalued? What factors would you look at to determine whether the Korean economy would continue to outpace its neighbors?
identify whether each of the following raises labor demand or lowers labor supply includes slowing labor supply growth
The nominal yield on 10 year treasury bonds is currently ~4.9%. If an investor wishes to earn at least a 3.5% real before tax rate of return on her capital, what expectations about future inflation levels must she hold in order to willingly hold 1..
Calculate the following probabilities using the standard normal distribution. Sketch the probability distribution in each table case, shading in the area of the calculated probability.
Which of the following events may increase labor supply? Check all that apply.
Two firms compete in a market to sell a homogeneous product with inverse demand function P = 600 - 3Q. Each firm produces at a constant marginal cost of $300 and has no fixed costs.
Hillary's preference for consumption C and leisure ' is given by U(C,'). There are 100 hours available in the week to split between work and leisure. She earns w dollars per hour. The ?rm's technology is given by Y = AEα, where Y is output, A and α a..
Determine the direction of comparative advantage and the limits to the relative wage rate A and B are the countries, the products are S and T and A has s=6 and T=2, and B has S=15 and T=12
Unlike the previous two papers it is focused upon a particular dated event (the crisis) rather than regular cyclical economic variation. Also, the other papers exploit variation in economic conditions across state and birth-year while this paper expl..
Technological advance improves productivity in a purely competitive industry. This change will result in a shift: a.) down of the individual firm's MC curve, causing the market supply curve to shift to the left b.) down of the individual firm's MC cu..
Lisa just inherited a vineyard from a distant relative. In good years (when there is no rain during harvest season) she earns R100 000 from the sale of grapes from the vineyard. Calculate the expected value and the variance of Lisa's income from th..
Create a tracking portfolio to capture this gain. Explain what your tracking portfolio is made up of. Explain how you use it to make a profit. Be specific.
Choose a firm in which you are particularly interested, perhaps one where you might like to work. Go to the library and read about this firm.
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