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Production Possibility Cure Exercises
Show each of the following events through a production possibility frontier graph, and analyze what the effects of it were on economic growth:
The effects of the Baby Boom-the sharp increases in the birth rates in the U.S. from 1946 to 1964-on the U.S. economy in the 1970s and 1980s.
The effects on the development and diffusion of computer technology in the 1970s and 1980s on the U.S. economy in the late 1990s to the present.
The effects of the decline in public investment in the U.S. over the last 20 years or so on the U.S. economy in the future.
The effects of the Baby Boom on the U.S. economy in the years 2011 to 2029.
Testifying at a price fixing trial involving Cargill Corp. and the market for chicken growth hormone, (in which the Cargill is one of only three firms worldwide), an executive for Perdue said
Utilize the equation to give as much information as possible about the demand for potatoes.
What are two possible fiscal policy solutions for the problem? Using a Keynesian approach, you should be able to get numerical solutions. More points are given for numerical solutions.
Illustrtae what should the arbitrageur do. Suppose that the cost of storing gold is zero and that gold provides no income.
Illustrate what are the four supply factors of economics growth. What is the efficiency factor? Please illustrate these factors in the terms of the production possibilities curve.
At the end of 2002, the (1-year) interest rate was 1% in the U.S., and 26% in Argentina. Recall that at the same time, the spot rate for the Argentine currency was Peso 4.00/$.
What is a fixed payment made by the privately insured patient in exchange for receiving the medical good or service? What is the percentage of each and every medical bill that the patient pays rather than the flat dollar amount?
How much does the gross price increase in each market
Elucidate whether the following statements are positive or normative economic statements, and explain why you categorized them in that way.
make the costs of compliance and non-compliance with regional trading bloc rules and regulations.
Explain why do you think the labor supply curve for very gifted or unique people is quite inelastic.
During the period of airline regulation, the government set airline fares and regulated an air carrier's entry into and exit from particular markets.
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