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Explain how human embryonic stem cells, adult cells, and skin cells taken from the same person would be the same and how they would be different. Explain what causes the differences you describe
In 1990 Sweden had a GDP of $73 billion (measured in U.S. dollars) and a population of 5.2 million. In 2010, Sweden had a GDP of $165 billion
Reflecting on the circular flow, how does income inequality affect the domestic or global economy? Use economics terms, concepts.
If a binding minimum wage were now imposed
A price taking firm chooses its inputs to maximize long-run profits. Labor and capital are substitutes in production and both exhibit decreasing returns to scale, q(L, K) = L^(1/2) + K^(1/2) . The output price is 100 and the price of each of the inpu..
Suppose the real interest rate is 3%, the real growth rate is 2%, the money multiplier is 4, banking innovations are decreasing the demand for money by 1% per year and the money supply is growing at 10% per year. What should be the price of a T-bill ..
If we assume interest rates of 5%, 10%, and 15%, how long would it take to obtain the amount of money that is two times, three times, four times, and five times higher than the investment we made?
This exercise presents a simple example to elucidate how exchange-rate conversions can produce misleading results and how the PPP methodology works.
The 12-month interest rate on dollar-denominated assets (like bank deposits) is 2.00%. The 12-month interest rate on euro-denominated assets is 1.80%. The current spot exchange rate is $1.50 per €. The current forward exchange rate is $1.58 per €. Ex..
Draw a production possibilities curve between healthcare and all other goods. Insert a point in the drawing that illustrates an economy with an inefficient healthcare system. Insert two additional points that illustrate two efficient economies but tw..
Lenny was a resident of Maine and Milly was a resident of Arizona. Both went on vacation to Nevada. When on the golf course, Lenny drove the golf car recklessly, hit Milly, breaking her back. Milly suffered damages of $84,000. Indicate which states ..
The theory of comparative advantage states that there are gains from trade if countries specialize and optimize their opportunity costs.
A forty-year annuity-immediate makes monthly payments. During the first year the monthly payments are $100 each. The payments within each year are level; however, the monthly payments in each of the years two through forty are 4% higher than those in..
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