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a. What is endogenous growth? How do endogenous growth models differ from the neoclassical models of growth?
b. How do the implications of an increase in saving with regard to both the level and the growth rate of output differ between the neoclassical growth model and the basic endogenous growth model?
In his discussion of post-WWII growth in France, Blanchard describes the effects of destruction of part of a nation's capital stock. Suppose that instead of a decline in the capital stock a country experiences a decline in N resulting from a plague t..
Find the optimal crude oil allocation for the following example if the profit associated with square foot of fiber is cut to $0.375,
If Inputs A and B are respectively 20% and 40% of the cost of producing this product, what is the effective rate of protection on the product?
determine which of the risks involved holds the most risk to the subcontractor.
What role does economics play in the political realm? Why do we care what type of market China and Russia have? Can any of you provide an example of how this influences your daily life?
Under the responsibility scheme proposed by the Hong Kong government, households will be charged for solid waste disposal. Is this charge justifiable from an economics point of view?
In year 1 the price level is constant and the nominal rate of interest is 6 percent. But in year 2 the inflation rate is 3 percent. If the real rate of interest is to remain at the same level in year 2 as it was in year 1, then in year 2 the nominal ..
car industry sales of big ticket items in particular the autos declined strongly during the current recession and the
Farmer Brown has 2 distinct farms that he works on. His wheat farm has a production function Y=6.7K0.4L0.6, and his soybean farm has a production function Y=0.2K0.5L0.5. Farmer Brown has the option of buying either more labor or more capital for each..
q.need 800 words minimum only original work accepted.consider the following examples of economic activitiespurchasing
List one way that a market-based health insurance system fails to limit costs. Then, discuss how either the Affordable Care Act or a single-payer system would correct that failure.
Suppose Alan’s preferences are described by the utility function: Find the equation for Alan’s indifference curve through the bundle (3, 6).
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