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Suppose that two countries are exactly alike in every respect except that population grows at a faster rate in country A than in country B. a. Which country will have the higher level of output per worker in the steady state? Please explain. b. Will country A have a faster rate of growth of output per worker in the steady state than country B? Please explain.
Client agencies are the agencies that exist principally to serve the needs of certain interest groups or clients. The first group to be created was:
Some economists have suggested that the best way to control medical costs is to remove the profit incentive for health care providers, particularly hospitals.
He starts this year with nothing in the bank and ends next year with nothing in the bank. Draw his budget constraint in E1 - E2 space.
In the early 2000s, analysts feared that low academic achievement in math in the United States may reduce U.S. economic growth by as much as half a percentage point a year. "That drag will become increasingly apparent…as other countries dismantle reg..
You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1’s elasticity of demand is -5, while group 2’s is -3. Your marginal cost of producing the product is $40. Determine your optim..
suppose that the government is debating whether to spend 100 billion today to address climate change. it is estimated
Would you advocate monetary restraint or stimulus for today's economy
q1. suppose that businesses buy a total of 100 billion of the four resources labor land capital and entrepreneurial
Protectionist trade policies are often enacted with the political intention of strengthening exports, and hence GDP. Examples of protectionist trade policies include quotas and import taxes. What is the impact of the protectionist trade policy on the..
What do real interest rates account for that nominal interest rates do not? The level of real GDP is a good measure of economic prosperity, and the growth of real GDP is a good measure of __________. A higher interest rate makes more attractive. Ther..
Explain how “Black Markets” impact economic actives: Please explain in detail and use a supply and demand graph for your examples
These investors seek unlimited access to investment consultants and are willing to pay up to $10,000 annually for no fee-based transactions.
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