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According to new growth theory, which of the following promote economic growth? Check all that apply.
Destroying available resources to start anew
Discouraging workers from trying new ways of doing things
Rearranging available resources in more valuable ways
Investing less on education, research, and development, and producing more capital goods instead
Measuring performance: If public opinion surveys show that the majority of Americans regard inflation as a more serious threat than unemployment:
What is the primary driving force in a market economy?
The ground state energy of an electron in an infinite square well of width 30.8 nm is the same as the energy of the n = 3 state of another infinite square well.
A chemical company determined the need for a chemical additive that will improve their product by 20%. The company’s CEO arranged to purchase the additive through a 5-year contract at $7,000 per year, starting 1 year from now. He expects the annual p..
Explain how will the bank respond to the withdrawal. Suppose that the bank responds to insufficient reserves by reducing the amount of deposits it holds until its level of reserves satisfies its required reserve ratio.
Financial management of a department is difficult to say the least. Our departments are labor intensive and have highly technical equipment, both of which are very expensive. Please develop two methods for labor and equipment that would provide quali..
You are the new operations manager of a large call center for a multinational retailer. The call center has been in operation for several years
Assuming that average income of the target group of customers will not change, calculate the number of tires that the tire manufacturers will be able to sell.
State whether each of the costs below is either sunk, opportunity, cash or book: Amount you paid for a piece of equipment last month: Value claimed for tax purposes on a depreciated soda filling machine:
Suppose we now care about the long run decisions of a firm that has a production function of the form q = 4L^1/2 + K. Assume that, at the beginning when w0 = 1 and r = 0.5, the firm chose to produce q0 = 20 units of output. Then, the wage increased t..
Han Lee Furniture, Inc, spends 55% of its sales dollars in the supply chain and finds its current profit of $12,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. What percentage im..
You have been appointed head of university parking enforcement. Your mission is to eliminate illegal parking. Car drivers are completely rational expected utility maximizes. They have utility functions given by u=x(1/2) where x is $ of consumption on..
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