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"If country A has a higher level of real GDP per person than country B, then people in country A must enjoy a higher standard of economic welfare than people in country B." Is this statement true or false and explain your answer.
The state's interest rate is 8%, and the road should last 40 years. What is the probability distribution of the equivalent annual construction cost per mile?
illustrate what is the specific marketplace-failure justification for governing spending on public universities
Suppose we know that output in the economy is given by the production function: YttKt1/2Lt1/2. If total factor productivity (A) is growing at a rate of 1.5% per year, the capital stock (K) by 2%, and the labor supply (L) by 1%, a. Calculate lon..
At what price of food in terms of manufactures would A and B respectively supply food? Would trade take place between A and B in David Ricardo’s world? How many manufactures could B supply?
If the Federal Reserve announces that it is starting to sell bonds on the Open Market and is considering raising both the discount and federal funds interest rates, what effect would this have on the way a financial intermediary chooses to invest the..
What is happening to the US trade balance in each of the following situations? Explain. a. Lower international trade barriers for imported products in the US b. Prices in the US decreases more than prices abroad c. Economic improvement starts in Cana..
Using the economist's model of choice, explain the motivation for two decisions you have made in the past year.
In this assignment, you will be creating several Java classes to model a small plane flying passengers from State College, PA to Orlando, FL.
Your friend Gail is an electrician who does repair and installation work for small businesses and homeowners. She often has customers ask her if she will accept a credit card in payment for her services, but she has been reluctant to set up a credit ..
If operating capital is running $60,000,000 and employment is running 4,000 employees in the company, what is the value of the marginal rate of technical substitution between operating capital and labor in the Biddle Company?
Keep track of how many there are of each and print these out at the end in the panel.
Holding supply conditions constant, the costs of regulation fall wholly on producers when: a. EP = 1 b. EP => 1 c. EP = d. EP = 0 22. A 100% markup on cost is equivalent to a markup on price of: a. 25% b. 33% c. 50% d. 100%
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