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Country A has twice as many workers as Country B. Country A also has twice as much physical capital, twice as much human capital, and access to twice as many natural resources as Country B. Assuming constant-returns to scale, which of the following is higher in Country A?
a. both output per worker and productivity
b. output per worker but not productivity
c. productivity but not output per worker
d. neither productivity nor output per worker
One of the concerns for the network project is ensuring secure e-mail and any documents sent through e-mail. Prepare a PowerPoint presentation that explains how e-mail messages can be securely sent.
Suppose government spending increases. Would the effect on aggregate demand be larger if the Federal Reserve held the money supply constant in response or if the Fed were committed to maintaining a fixed interest rate? Explain.
Let's watch a bank create money. Last Wednesday, the Bank of Numenor opened for business. The first customer, Edith, walked in the door with 100 silver coins called Thalers to deposit in a new checking account. The second customer, Max, walks in t..
Explain how did Lucas contribute to the development of the Keynesian economics. What was his concern with economic growth and development.
Egypt your firm's executive team is very impressed with the work you've done in examining the firm's potential expansion into the country you've researched.
Sometimes it is convenient to think about the consumer's problem in its "dual" form. This alternative approach asks how a person could achieve a given target level of utility at minimal cost. Develop a graphical argument to show that this approach ..
Suppose that an economy initially at full-employment is hit by an adverse supply shock a) What will happen to output and the price level in the short run b) What will happen to output and the price level in the long run
Trade between the United States and another country in any one of the following areas: customer support services, garments, medical services, or technical products. Discuss these points: a. How is this trade arrangement beneficial
Based on the Federal Housing Finance Agency house price index, United States housing prices declined throughout 2008 and 2009.
In February 2000, Unilever, the giant consumer products company, announced that it was to cut 25 000 jobs, close 100 plants and rely more on the Internet to purchase its supplies. It would use part of the money saved to increase promotion of its l..
Think about the trade off in work and leisure during a given day, and from day to day. During a given day, does opportunity cost of work rise, decline, or remain constant with each additional hour of work?
Elucidate the percentage rate of Full Employment and Inflation that that these two organizations try to keep as its target.
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