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Do you think Human Development Index most closely reflects your own values on the question of measuring well-being and why? How do GDP and Human Development Index measure human well-being? That is, what is included in (what 'counts toward') GDP, what is included in Human Development Index, and how do they relate to human well-being?
(a) Calculate the size of the labor force and the unemployment rate using the current practice of BLS.
Using the graph and definitions below of the supply of loanable funds, SLF, and the demand for loanable funds, DLF, discuss the following: What is meant by the equilibrium nominal rate of interest? Starting from an equilibrium position as in 1.a, dis..
Graph the long-run supply curve, assuming the cost function is for a single plant and can be replicated without change.
A few years, the price of New York City taxi medallions hit $1,000,000. What do you think was behind the increases in the price of New York City taxi medallions? Is that a problem for the city? Should the city intervene in the market for these medall..
Determine the sample size n needed to construct a 99?% confidence interval to estimate the population mean when s=24 and the margin of error equals 9.
Assume that the marginal cost of using the new bridge for an extra trip is zero and assume the demand for trips across the bridge is downward sloping.
Can you give an example of various organizations that has adopted a real-time dashboard for its internal use within the last three years?
If the savings account paid 6% interest, compounded monthly, what was the future worth of his savings immediately after the last deposit?
The mean yearly rainfall in Sydney, Australia is about 137 mm and the standard deviation is about 69 mm. Assume rainfall is normally distributed.
Suppose that Greece and Switzerland both produce beer and olives. Greece's opportunity cost of producing a crate of olives is 5 barrels of beer while Switzerland's opportunity cost of producing a crate of olives is 10 barrels of beer. Based on your a..
What is the relationship between Pigovian taxes and market failure? How do Pigovian taxes internalize externalities?
Consider an economy where, consumer’s utility function is given as U(C,L)=C-(1/2)L2 . where C is consumption and L is labor. The production technology is Y=(1.6)L-(1/2)L2 . The turnover cost per labor is (0.36)/(w/p). What happens to t as real wage i..
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