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Q. 1950 Real GDP per capita (2000 dollars) Percentage of U.S. Real GDP per capita Real GDP per capita (2000 dollars) 2004 Percentage of U.S. What factors are held fixed? Do these countries experience diminishing returns to physical capital per worker? And technology are held fixed in each country, can you recommend a policy to generate a doubling of real GDP per capita in Albernia? Amount of human capital per worker and technology were not fixed?
Suppose the club did NOT charge a membership fee: explain how much money would the family spend on food? How much food would the family buy?
Explain which fiscal and monetary policies might "activist" Keynesian economists recommend to help a depressed economy regain full employment.
Suppose there is an early freeze in California that reduces the size of the lemon crop. Elucidate what happens to consumer surplus in the market for lemons.
Illustrate what relationship must hold between x and p so that A second order stochastically dominates B.
Indicate whether this production function exhibits constant, increasing, or decreasing returns to scale.
Illustrate by how much (what percentage) does the consumer facing a 15% marginal tax rate alter his or her level of charitable giving as the result of the deductibility of charitable contributions?
For every of the subsequent goods, indicate whether you expect demand to be inelastic or elastic also explain your reasoning
Explain how much of the tax will the sellers pay. How much will the buyer pay for the product after the tax is imposed.
Explain how would the competitive balance in the American and National Leagues change if baseball owners forced the Yankees to move to Albuquerque, New Mexico.
Explicate why one of them brings positive effects to the economy also the other negative effects.
Illustrate what fiscal policies also monetary policies would be appropriate at this time. You must use at least one article. Use references also APA.
Illustrate what would be the size of the resulting deadweight loss relative to the competitive outcome.
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