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Suppose there is a decrease in the saving rate. Explain what effect this decrease in the saving rate will have on the rate of growth of output per worker.
The population of an island consists of 60 000 people, 35 000 of whom are females. The percentage of the population who are males is:
An increase in the dollar price of yen necessarily means a fall in yen value of dollars. Do you agree? Discuss and explain; The critical thing about exchange rates is that they provide a direct link.
The elasticity of sweaters for pet duck-billed platypus is -1.56 in the Canada. In Australia, the elasticity of these sweaters is -3.62. However, Canadian sweaters have to be warmer, so the marginal cost is $20, while it's only $15 for the Austr..
A shift outward in the demand curve always results in an increase in total spending (price times quantity) in a good. On the other hand, a shift outward in the supply curve may increase or decrease total spending." Explain?
Elucidate why intermediate goods and services usually are not included directly in GDP. Are there any circumstances under which they would be included directly.
ECO 301: Economic Theory - Explain the difference between nominal and real GDP and why real GDP is necessary to compare prior years' data - most recent Consumer price Index reported by the Bureau of Labor Statistics.
What are the differences between Perfect Competition, CwDP, Oligopoly, and Monopoly? How much will each firm produce, and what is the market price?
The demand curve is given by the equation QD = 1150 - 100p and the supply curve by QS = 100p - 50 1150 - 100p = 100p -50 Find the equilibrium price and quantity.
How should the UK government respond from a business cycle perspective to the outcome of the Brexit referendum vote - What is the likely impact of negative interest rates on the economy?
Explain two effects of an adverse technological shock on the labor market and on the output market -
Summarize the historical beginnings of the juvenile justice system. How have U.S. Supreme Court decisions been especially influential in the juvenile courts?
Discuss and explain how the development of the Internet has changed the market structure in which firms operate. Remember that, we are assuming most companies can be categorized as being in ideal competition, monopolistic competition,
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