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Q1.in signaling model, assume high school graduates are paid a stream of income whose present value is $200,000. College graduates are paid a stream of income whose present value is X. College education costs higher-productivity workers $50,000 and lower-productivity workers $150,000. What value of X will cause higher-productivity workers to go to college and lower-productivity workers to not go to college?
Q2. How can a business owner who earns $10 million/year from his or her business credibly claim to earn zero economic profit?
Q3. When and where did modern economic growth first happen? What are the major institutional factors that form the foundation for modern economic growth? What do they have in common?
The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever.
Recent survey of high school students, it was found that the average amount of money spent on entertainment each week. Values are representative of all high school students.
Find Equilibrium GDP (Y). If potential GDP is 1950, is the economy in a recessionary or inflationary gap. Suppose that the MPC, falls to 0.75, so C = 0.85DI. Find Equilibrium GDP.
Suppose that the demand for healthcare services is perfectly inelastic while the supply curve is upward sloping. Analyze the impact.
Illustrate and explain the movement of the aggregate demand and aggregate supply curve both in the short and long run.
Examine the key factors affecting the demand for and the supply of a good or service
Semiconductor chips are used to store information in electronic products, such as personal computers. One of the early leaders in the production of these chips was Texas Instruments (TI).
Compare and contrast the way Classical and Keynesian theory determine the Demand for Money and how it is related to the Money Supply
Arnett is appearing for a new Web portal to utilize to access information which interests him on Internet.
What is output that should be produced to achieve economic efficiency and the value to society for correcting the externality.
Disposable personal income equals personal income and two factors are the keys to determining labour productivity
Define Mercantilism, Pick a country and talk about the products they import and export with the U.S.A. Also talk about the composition of trade with relation of abundance of the two countries
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