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QUESTIONS
1. Explain the New Growth Theory and motivate how China may have leveraged the New Growth Theory's emphasis on innovation and technology transfer to become a global leader in sectors like telecommunications and e-commerce.
2. China has been generally open to trade, and it has become one of the world's largest trading nations. Explain how that has helped China.
The law of supply illustrates that
Suppose we define a new random variable Z = 3Y + 10. a. Determine the expected value (mean) of Z. b. Determine the standard deviation of Z.
what specific numbers might Alessandra have proposed for px and py? (Note: There are multiple possible correct answers.) Explain.
Fluctuations of a currency like the South African rand affects the performance of the econom through the level of investments/disinvestments in specific sectors
a. What happens to aggregate demand curve b. What happens to level of output and price level in the short run and in the long run
At the same? time, every month during the? year, 37 different people become? unemployed, and 37 other people who were unemployed find jobs.
An economy starts with $10,000 in currency. All of this currency is deposited into a single bank. The required reserve ratio is 20 percent.
If the government establishes a quantity subsidy on the consumption of a good, it means that the consumer has to pay for each unity of the good its price minus the subsidy. The government decides to impose a quantity tax of t on good 1 and a quantity..
In the short run, if a firm is suffering a loss, it should a. always shut down to prevent further losses b. continue to operate as long as it can recover variable cost c. continue to operate as long as it can recover fixed cost d. continue to operate..
In Federalist Papers 10, 51 and 78 the authors identified and discussed compelling concerns and fears they believed needed to be addressed under a new government. They argued the remedies for each were provided for under the U.S. Constitution. You mu..
10 years ago, when the relevant cost index was 125, a nuclear centrifuge cost $40,000. The centrifuge had a capacity of separating 1500 gallons of ionized solution per hour. Assuming a power-sizing exponent to reflect economies of scale, x, of 0.7, u..
In year 2013, the population of island I is 210, 000 people, of which 150,000 are aged 16 or older. Of this 150,000 people, 100,000 have jobs (50,000 do not). Find the employment rate is for 2013. What is the labor force participation in 2013?
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