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Explain Romer's endogenous growth model! How is it different in principle from the neoclassical theory of economic growth (Harrod-Domar)?
Islandia is a completely isolated island that has a fixed stock of 100,000 tons of coal. Islandia will survive for two periods. Consumers in Islandia having a declining marginal benefit of coal consumption in each period. Assume the real interest rat..
Tom and Jacob are college student. each of them will probably get married later and have two or three children. Each knows that if he studies more in college, he'll get a better job and earn more money. What type of externality arises from studying?
In Australia one unit of labor can produce 25 computers or 25 bushels of wheat. In Taiwan one unit of labor can make 30 computers or 50 bushels of wheat.
Discuss the role of integrated marketing communications in the marketing program of a product such as Gatorade. How can Gatorade use the various IMC tools to achieve its objectives of expanding into the sports nutrition market?
What is the main reason that embargoes have been used throughout history?
When graphing a demand curve showing the effect of "news about the susceptibility of cellphone users to brain cancer" has on the demand schedule and curve for cellphones where would the "news about.." go on the graph, would that replace the price? If..
In 2005, Clear Chanel (an owner of multiple popular radio stations) spun off concert promoter Live Nation into an independent company. How would this affect prices for concert tickets or rates for radio programming?
Consider a machine with exponential reliability model. Assume that the breakdown rate is 1 and the repair rate is 2. Calculate the probability
If an individual performed the following four tasks, mortgage loan processing, textbook printing, residential building and Newsprint paper manufacturing.
Real GDP will increase
What is the four-firm concentration ratio in an industry with the following market shares?
Given the current condition of the US economy, do you think US policy makers would prefer to see the $ rise in value, decline in value or stay at its current value? Discuss the advantages and disadvantages to the US economy at this time of a stronger..
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