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-Suppose that output is growing at 3 percent per year and the elasticities of output with respect to capital and labour are 0.3 and 0.7, respectively.
-If both capital and labour grow at 1 percent per year, what would the growth rate of total factor productivity have to be?
-What if both the labour and the capital stocks are fixed?
Much has been made of the fact that people don't consistently act with scientific rationality. What is meant byrationality? Consider the three "systematic mistakes" discussed in your text. It is possible to act irrationally simply because people ca..
The Bretton Woods decision of 1944. Include a discussion about what happened to the Gold Standard at this conference. Be sure to touch on the creation of the IMF. Also describe pegging and consider how pegging affected oil prices.
What has happened to the price of crude oil in 2015? What has happened to the demand for crude oil in 2015? Is there an economic theory that supports this relationship? Support your answer with a diagram.
Solve for the price elasticity of demand for the following goods and then determine if the good is elastic or inelastic. Show your work.
Describe the idea of trade offs cost also benefit analysis when answering the above question.
What is a government budget deficit How does a federal budget deficit affect the economy How does it affect the level of investment and interest rates How does it affect the individual consumer
ECO100 Principles of Economics Assignment - Final Report, Strayer University, USA. Identify one newsworthy macroeconomic indicator or policy
The election of a new Congress causes consumer confidence to soar as expectations of future economic growth are solid.
1. Explain and discuss some of the roles other societies outside of Europe played in the economic rise of Western Europe, 500-1750. 2. Answer Yali's Question for the 500-1750 period: Why did economic wealth and power in the world economy in this ..
Explain how the two rankings can be different. Which criteria do you like and why?
What will your efforts bring them as rewards? Once you secure financing, what shipwrights and shipyards do you plan to visit? Who in Europe at this time makes the best, most accurate maps? How you recruit your crew?
List the countries that use socialized medicine. What is the difference between socialized medicine and single payer system?
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