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Problem
Suppose that the returns to education in terms of income are higher in India than in Bangladesh. Suppose further that there are no barriers to migration. Describe how India's economy would change in terms of growth and wages.
Calculate the nominal GDP in 2005 and 2006 Tropic Republic and calculate the GDP in 2006 using the method of the base year prices.
Using examples in your country, discuss the rationale for government in creating monopolies for the provision of basic goods and services. Explain whether you agree with the above statement
Suppose that the assumption in key concept are satisfied. Show that X i is a valid instrument. That is, show that key concept 12.3 is satisfied with Z i = X i .
What is the International Monetary System? What are its' problems? How can payments imbalances become remedied? What is the Bretton Woods System? Who created it, when, and why?
IBS 3342- Given what is now occurring in the Indian economy, do you think the country represents an attractive target for inward investment by foreign multinationals selling consumer products? Why?
Discuss the "baby boom" population structure in the U.S. (What IS the baby boom generation? What is their age range?) What "S.P.E.E.C.H." situations probably led to this population boom in the U.S.?
A coin was flipped 60 times and came up heads 36 times. Suppose you test whether the proportion of heads is greater than 0.50 at a 10% level of significance. What is your conclusion?
You have been employed as an economist to advise the Department of Health and the Federal Government about the following issue. The minister has argued that raising the tax on alcohol is the most effective way to reduce alcohol abuse in our societ..
The firms and workers in Alpha form expectations adaptively. The firms and workers in Omega form expectations rationally. Their otherwise identical economies are initially in equilibrium at the natural level of output with 10 percent inflation.
Visit the link above to find your state's unemployment rate. Then visit This Week in Business News to find the Inflation Claculator. Do the little Inflation Calculator exercise that has have been set up.
Illustrate what effects do technologies have on costs. What are some lower cost sources the organization may utilize to reduce cost.
Would it be possible to privatize the money supply in the US completely? In doing so what would be the primary obstacle to overcome in implementing such policy?
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