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The catch-up effect signifies that countries with low income can grow faster than countries with higher income. However, in statistical studies that include many diverse countries, we do not observe the catch-up-effect unless we control for other variables that affect productivity. Considering the determinants of productivity, demonstrate what would tend to prohibit or limit a poor country's ability to catch up with the rich ones.
Digby's product manager is considering lowering the price of the Dim product by $2.50 and wants to know what the impact will be on the product's contribution margin. Assuming no inventory carry costs, what will Dim's contribution margin be if the ..
A recent news story reported that OPEC is expected to decrease the supply of oil next summer. Summer is traditionally a time of increased demand for oil because of the many families driving and flying to vacation sites
MAE 302 Macroeconomics Assignment - If investors expect an increase in interest rate paid on US deposits, how the Australian exchange rate will change? Explain
Discuss the likely sources of the economies of scale that underlie the large size of these firms. [Note: the stocks of private firms are not traded on public stock exchanges
What is the world's total GDP?What is the average GDP per capita of the most productive 20% of the world's population?
According to economic growth theory, the level of the GDP and the rate of the real GDP growth rate have different economic implications about the economic well-being of a country. If you are given the options, would you rather live in a nation with a..
Compare & contrast the 3 schools of modern macroeconomic thought discussed in class & the text (this includes "Keynesianism", Monetarism & Rational Expectations
Describe some achievements and pending issues in context of global crisis?
An example of positive analysis is studying.whether equilibrium outcomes are socially desirable.
The importance of an economic model is that it allow us to: - The economy's factors of production are not equally suitable for producing different types of goods. This principle generates:
How will the equilibrium price and quantity in the market for WHEAT be affected when farmers growing soybeans experience a decrease in the price of soybeans. The big thing that confuses me is if wheat and soybeans are substitute or complimentary pr..
Give one example of a market failure, such as air pollution, water pollution, illegal immigration, orchild labor, that is an international problem. Describe the roleof the U.S. government in addressing this international marketfailure and explain ..
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