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The catch-up effect signifies that countries with low income can grow faster than countries with higher income. However, in statistical studies that include many diverse countries, we do not observe the catch-up-effect unless we control for other variables that affect productivity. Considering the determinants of productivity, demonstrate what would tend to prohibit or limit a poor country's ability to catch up with the rich ones.
Discuss what effect a "Buy American" campaign might have in the market for the imported good. Given what economists have to say about comparative advantage, would such a campaign be good or bad?
this chapter argued that saving and spending behavior depended in part on wealth accumulated savings and inheritancebut
To maximize total income should the price be increased or decreased
Classify each of the following as either an operating target or an intermediate target, and explain why.
Suppose a bond offers to pay $1000 in one year and currently sells for $900. Given this information, we know that the interest rate on the bond - four components of national income
Assume that there are 2-states that do not trade, Iowa and Nebraska. Each state manufacture the similar two goods: corn and wheat.
financial statements the davidson corporations balance sheet and income statement are provided here. davidson
If the government increases its purchases of goods and services by $3,000 and the MPC is 0.8, GDP and income will eventually increase by
Explain the aims of counter cycliceal policy. Show how governments might achieve these aims by using the instruments available to them
Calculate the growth rates of real GDP per worker and capital per worker for each time period. What is the average growth rate and standard deviation for both?
Do a brief secondary investigation of a question of interest to you related to organizational culture, individual differences, or perceptions, attributions, and emotions. For your secondary investigation, you will review at least three scholarly r..
Should the Federal Reserve be independent or dependent of the government in your opinion?
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