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Discuss the lingering colonial influences that continue to stifle economic development
Does the slope of the production function measure average product of labour or the marginal product of a worker?
A business in a monopolistically competitive industry...
Are the outcomes of hospital care different on weekends than weekdays? In a random sample of 500 patients who experienced severe medical complications
Find the coefficient of variation for each sample data set. What can you?conclude?
If a consumer decides to spend $600 more in the economy, how much of an impact will that have on the GDP for the country? Why would that effect not be correct, what are issues that might affect that total amount?
What is the difference between accounting costs and economic costs in Businesses and the Costs of Production?
Winston Churchill once thought that democracy is the nastiest form of government except for all others.
Draw a graph illustrating the likely changes in the shape and position of the demand curve facing the original "Ethiopian" restaurant in the above problem.
How companies and countries are becoming specialised in certain industries to compete and expand their businesses. Compare Australia with any other two countries
A country has a fixed exchange rate and pursues and expansionary monetary policy. Explain, in word, any symbols what will happen. How is external balance affected? Is monetary policy effective?
In 2011, the CPI increased by 1.4%, the GDP price index increased by 1.2% and the PCE increased by 1.8%, we can see all are increases, but why does each one of these measure give a different inflation rate?
Explain why net exports and net capital outflow are always equal. Explain why higher real interest rates lead to lower net capital outflow.
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