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By 1993, nations in the European Union (EU) had eliminated all barriers to the flow of goods, services, labor, and capital across their borders. Even such things as consumer protection laws and the types of plugs required to plug in appliances have been standardized to ensure that there will be no barriers to trade. How do you think this elimination of trade barriers affected EU output?
Delmar Custom Homes (DCH) uses two types of crews on its Long Island, NY, home construction projects. Type A crews consist of master carpenters and skilled carpenters, whereas B crews include skilled carpenters and unskilled labor.
All workers are equally productive also workers vary in their preferences. Compute a worker who values his wage and the risk level according to the following utility functions
such as making charitable contributions or civic expenditures (MU). Can you set up the problem and derive the optimization conditions if the owner-manager wishes to obtain a specific level of utility at the lowest possible cost.
Discuss the 3 important factors for growth and explain how a given society can accumulate capital?
Describe three ways we can use macroeconomic analysis, with one original example for each way. Using the real business cycle theory, explain two effects of an adverse technological shock on the labor market and on the output market.
What is a typical indifference curve for the case in which the marginal utilities of both goods are positive and the marginal rate of substitution of hamburgers for Cokes is diminishing. Explain the relationship between the indifference curve
You need to write around about India position and the China dream of the new silk roads ( OBOR) specially the one goes through Pakistan.
Are they required to ensure economic growth and a prosperous country.
find the following article imf sees uae gdp growth slowing to 2.3 pct in 20121.summarize the articles with your own
"If every employer hired its best qualified applicants for a job at every opportunity, the phenomenon of black poverty (as distinct from poverty) could be wiped out in ten years." Do you agree/disagree? Comment.
Janet Yellen, the Chair of the Federal Reserve, is to testify before Congress again. She hired you as a consultant (because she thinks your previous work was simply outstanding).
Describe economic terms and concepts and describe your reasoning leading from concepts in question to the final answer.
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