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1. How has the educational system affected the quality of our labor force?
2. Explain the Malthusian theory of population. Is it relevant today anywhere in the world? Explain where and why.
3. How does the American savings rate compare to that of other leading industrial nations? What accounts for the difference?
4. What changes took place during the Industrial Revolution that made possible sustained economic growth?
5. If you were hired as an efficiency consultant by a large corporation, list the measures you might take to raise the productivity of the workers.
6. What is wrong with having tariffs and quotas? Which is the lesser of the two evils, and why?
Plywood is used in the construction of houses. If the price of plywood rises, what happens to the supply of houses?
altering of the interest rate to change aggregate demand. Fact that equal increases in government spending and taxation will be contractionary.
Ignore the time value of money and compute the optimal pricing scheme of the iphone, Suppose that there are equal numbers of each customer type, and that the MC of the iphone is $100.
You have been asked to estimate the cost today of a 2,500 ft2 parking lot. You research and find that parking lots have a power-sizing exponent of 0.55 and that your company built a similar 1,000 ft2 lot 5 yrs ago that cost $50,000. You also find tha..
If as price decreases by 10 percent, total revenue increases by 5 percent, what is true about demand? In 2014, India substantially increased its import tariff on sugarcane. Which of the following would the model of supply and demand not predict?
How do automatic stabilizers affect budget deficits and surpluses? How would automatic stabilizers be affected by an annually balanced budget rule? Why do automatic stabilizers minimize the lag problems with fiscal policy?
Create a table where Q equals 0, 10, 20, 22.5, 30, 40 50 and 55. In the table include Quantity, Price, Total Revenue, Marginal Revenue (where MR equals the change in TR divided by the change in Q in the table), MR where MR=a-2bQ (include an explanati..
How might this impact stock price in the short term? How do you believe that management deals with these two sometimes competing goals?
Mr. Sansome withdrew &1000 from a savings account and invested it in common stock. At the end of 5 years, he sold the stock for $1207. In the savings account, he would have received an interest rate of 3%, compounded quarterly. He would like to compu..
Manufacturing overhead allocated using ABC will: A. be more accurate and representative of resources consumed than a traditional allocation method B. always be lower than if a traditional allocation method is used C. always be higher than if a tradit..
Market for this commodity is characterized by perfect competition. Government steps in and levies a unit tax of 10 on this commodity. Illustrate what is revenue raised by government through this tax.
Then you inherited a piece of commercial real estate bringing in $12,000 in rent annually.
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