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Erbia is a developing country. Erbia's neighbor Glassen is also a developing country, which is growing at a fast rate by adopting existing technology. Unlike Glassen, Erbia is not growing as fast as it should. Which of the following could be one of the reasons for the slower growth in Erbia?
As a result of the rapid growth of the Chinese economy, world demand for petroleum products has increased significantly. At the same time the war in Iraq has reduced that nation's petroleum production and exports to levels that are well below pre-war..
The GDP is $40 billion below its potential value. It is expected that next-period GDP will be $20 billion below potential and that two periods from now it will be back at its potential level. The multiplier for government spending is 2. What is the b..
How do you calculate per capita income and capital per worker in the Solow Growth Model?
The manager of a Burger Doodle franchise wants to determine how many sausage biscuits and ham biscuits to prepare each morning for breakfast customers. The two types of biscuits require the following resources: Formulate a linear programming model fo..
Prescriptive language is commonly used in ethics for what reason?
The change in producer surplus due to the tax is: (Round to the nearest ten thousand and answer in millions. ex. 0.94 = 940,000)
Show how moving from a lump sum tax to a linear tax affects outcomes in terms of output and work effort. What is the effect on economic efficiency? How does your picture show this? You should use a linear PPF.
Identify "3" three problems that governments may encounter in implementing fiscal policy. Provide an industry example to illustrate your explanation.
There are limits to the number of jobs that can move from developed countries to the Philippines, India and China. What determines those limits? Offshoring can reduce production costs and increase economic efficiency. What impacts might offshoring ha..
What do you think of Coca-Cola's environmental initiatives? Are they just window dressing , or does the company seem to be sincere in its efforts?
Every college student had the problem of selecting the college or university to attend. Was this a simple, intermediate, or complex problem for you? Explain.
If a monopolistically competitive firm maximizes profit by producing 600 units per hour, it must be true that at 600 units per hour:
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