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Explain why an increase in capital per worker reduces the growth rate of capital per worker.
Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the size of the labor force..
Given data for Econland: Adult Population = 180 million; Unemployment Rate = 7.5%; NILF = 56 million. Compute the participation rate in Econland. Compute the employment rate in Econland.
How will commercial airlines respond to the threat of new $27,500 fines for keeping passengers on the tarmac for more than 3 hours? What inefficiency will this create? I recently sold my used car. If no new production occurred for this transaction, h..
Malaria is a contagious disease spread by mosquitoes. Mosquitoes bite an infected person and pass the disease along by biting an uninfected person. In developing nations, the spread of malaria can be diminished if people sleep underneath mosquito net..
What are the benefits associated with Cloud Computing? What are the security risks associated with Cloud Computing?
Calculate the present value of an annuity with annual deposits of $10,000 at 7% for 10 years. Determine the monthly payment to amortize a $250,000 debt at 3% for 30 years.
In England in the early 19th century, skilled knitters began to worry about their jobs after the invention of machines that could produce textiles using unskilled workers. What would have been the expected impact on employment of skilled and unskille..
Illustrate the effects of changes in various factors on a nation's aggregate demand. Include expectations about the future expectations, fiscal policy, monetary policy, and changes in the world economy. What are the determinants of aggregate demand? ..
In the short run, labor is the only variable factor used by a firm in the production of a certain product. The manager of the firm has estimated that the marginal product of labor is given by MPL = 160/√L. The firm is maximizing profits by employing ..
Explain and give recent examples of market penetration, market development, and product development, as well as forward integration, backward integration, and horizontal integration.
Discuss and describe the effect you have on this process when you visit the ATM to get some cash to pay for your late-night pizza.
An electric utility is considering two alternative proposals for new sources of energy. One is a major hydroelectric dam (a 70-year project from construction to end-of-life); the other is a thermal power plant (a 35-year project from construction to ..
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