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Question 1.Discuss the 3 important factors for growth?
Question 2.Explain how a given society can accumulate capital?
Question 3.Explain 3 points from Kueznet''s definition of economic growth?
Suppose no increase in the price of labor, how many workers will the bakery hire.
What is the rollback equilibrium to this game?
1nbsp below are six statements.nbsp indicate whether each one pertains to microeconomics mic or macroeconomics
At what quantity would a monopolist maximize profits given the following information about her costs and market demand. Total cost of production TC=3000 + Q2. Market demand is given by : Q=3200-2P. What is the firms revenue function,
Now assume that an unusual shift of the Gulf Stream leads to an unseasonably cold summer in Europe, destroying much of the grape harvest there.
Below are events that might affect supply of money, the demand for money, or the interest rate. Explain how each event may affect these three economic variables.
What is the difference among a positive and a normative statement. Why do economists sometimes offer conflicting advice to policymakers.
Government needs to eliminate the gap by changing expenditures. What policy would you suggest.
Application(apps) and how they're used by companies to market a product. Who can benefit from this knowledge? Who is already capitalizing on it?
Elucidate how these economic concepts can be used to address the firm's problems and opportunities.
Instaed of a minimum wage, suppose there is unemployment benefit that pays $50 per day. Workers are indifferent between earning a wage of $50 per day and remaining unemployed and collecting the benefit.
Explain four problems with the argument that trade protection is needed to protect American jobs. b) Describe the economic reasons why businesses use offshoring.
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