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5.Give an example of a proximate cause of growth, and explain why your example is not a fundamental cause of growth. 6.Give an example of a fundamental cause of growth, and explain why your example is not a proximate cause of growth. 7. Let's say there are two regions. In one region, cattle can be raised. In the other, sheep can be raised. Sheep and cattle both produce milk and fertilizer. Cattle, however, are best raised in huge herds with many workers and only a single owner. Sheep are best raised on small, family-owned ranches. Based on what we discussed in class, what might cause these two regions to differ in terms of long-run growth?
a firm currently uses 50000 workers to produce 200000 units of output per day. the daily wage per worker is 80 and the
Glen spends at least 40 hours a week at his place of business. If he closed the company, he could work for his competitor earning $50,000 a year. He also owns the building the company operates in and could rent it out for $12,000 a year if he closed ..
decrease in your real income that results when photographic equipment you purchase increases in price because of increased demand by others for these items. cost you bear when your neighbor has a noisy party and does not compensate you for your dis..
Describe the three types of unemployment. What types of government programs would be most effective in combating each type of unemployment?
suppose that jake considers two alternative investment plans of 1000 for one-year. investment a is a no-risk plan
Derive the marginal criterion for profit maximization for a farm business as a function of output. Explain each of the terms in the marginal criterion you have derived.
Jamaica is the 4th largest island nation of the Greater Antilles.It is situated in the Caribbean Sea south of Cuba, and west of Hispaniola, the island containing the nation-states of Haiti and the Dominican Republic. Jamaica is the 5th largest isl..
researchers have estimated the long run demand elasticity for almonds is -0.47 and the long run supply elasticity is
kalvin crook is contemplating a life of crime.nbsp if he commits a crime and does not get caught he stands to gain
What are the equilibrium rent and number of rooms? If the college puts a rent ceiling on rooms of $650 a month, what is the rent and how many rooms are rented?
But before the Fed can act, the presidents chief economic advisor holds a press conference and states that the Fed should ease its policy to stimulate the economy. Does this statement make easing the policy less or more di¢ cult for the Fed
examine a perfectly competitive firm that you have recently purchased a product from focusing specifically on how it
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