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Consider a nation in which the volume of goods and services is growing by 5% per year. What is the likely impact of this high rate of growth on the power an influence of its government relative to other countries experiencing slower growth. How will this 5% growth rate likely affect the nation's living standard? Will the standard of living grow by 5% per year, given population growth. Why or why not?
Write down any five of the features that the developing countries tend to have in common, on average, in comparison with the developed world.
Suppose that the natural rate of unemployment in a particular year is 5 percent and the actual rate of unemployment is 9 percent. Use Okun's law to determine the size of the GDP gap in percentage-point terms. If the potential GDP is $500 billion i..
Create a View Integration to represent the combination between the conversion process with the acquisition payment, human resource and revenue process based on the REA patterns described on the textbook and slides for each process.
Enforcement of federal statutes with the resulting shut-down of the 'legal' businesses in the states of Colorado and Washington, along with a subsequent determination by the FDA as to the medical benefits of marijuana.
1) At a price of $9, the marginal revenue of a monopolistically competitive firm is $5. If the marginal cost of production is $7, what should the firm do? 2)For a monopolistic competitive firm, which factor would not increase market power?
Corn is used in the production of ethanol, which is a substitute for gasoline that can be blended with gasoline to stretch oil supplies in producing refined gasoline. Much of the farmland in the America Midwest can be planted with either wheat or ..
Suppose that you have following open economy where C = 10 + 0.8(Y-T); I = 10; G = 10; T = 10 and imports and exports are given through IM = 0.3Y and X = 0.3Y* respectively
Why does the supply curve slope upward?
What some affects nuclear power plants and solar power plants can cause if near a community.
When all people use economic reasoning, incompetence is impossible, because if the profit of decreasing that inefficiency were greater than the expenses, the inefficiency would be eliminated.
The organization will pay a $11 dividend in thirteen years and will increase the dividend by 5.5 % every thereafter. If the required return on this stock is 13%.
Explain why this strategy may, in fact, be rational. Also, identify at least two other strategies that might permit Argyle to earn higher profits.
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