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How does one assess and determine the performance of an economy (any economy)? And more specifically, what criteria are commonly used to do so?
Consider a labor surplus economy producing a single output, which can be consumed (as food) or invested (as capital). Labor, once employed, must be paid a fixed wage w which is fully consumed. All surpluses from production are reinvested. Draw a diag..
Explain if the increase in demand results from a large purchase b the Chinese of a new American-made airplane or a large purchase by Americans of new lower priced Chinese-made high definition Televisions.
Illustrate what do you conclude about the ability of these indexes to measure changes in real income.
q.smith and jones are stranded on a desert island. each has in his possession some slices of ham h and cheese c. smith
equity capital is usually less expensive to corporations than dept capital. capital structure is optimal when all sources of capital provide equal funds. debt capital is usually less expensive to corporations than equity capital..most companies use p..
Illustrate what is the probability which at least one of the 5000 funds outperforms the market in 5 consecutive years, 10 consecutive years and 20 consecutive years.
Real median family income in the U.S. has ______________________. (LO1, 2)
The time series Xt is generated through the ARIMA model. Where B is the back-shift operator, and at is white noise.
Why is the continuing income inequality in the US a problem for the economy? Does it matter that so many people own such a low percentage of total wealth in this country?
Suppose you win a lottery, and your after-tax gain is $40,000 per year until you retire. As a result, you decide to work part time at 32 hours per week in your old job instead of the usual 40 hours per week. Calculate the annual income effect on hour..
Europe's had unusually autonomous universities in which scholars could pursue their studies in relative freedom from the dictates of church or state authorities. Western Europe was in a position to draw extensively upon the knowledge of other culture..
The following table is a record of the data of a competitive firm on labour and output: Reproduce the above table on your answer sheet and complete the table. How many units of labour should be employed to maximise profit? Briefly explain your answer..
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