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(Wall Street Journal) Technological change is an important driver of economic growth. Refer to the "Technology" column in the Marketplace section of a recent Wall Street Journal. Find a story about a technological innovation that seems interesting to you. How will this innovation affect the U.S. production possibilities frontier? Does it seem likely to affect employment as well? If so, which types of workers will be harmed, and which types will benefit?
The perfectly competitive firm will be in the long run equilibrium whenever price is:
You need to analyze for a hypothetical example whether John Deere should use Technology 1 (Own Production), Technology 2 (Versatile), or whether it should stop producing four-wheel-drive tractors based on the quantity the company predicts it woul..
When Clara totalled her scores, she inadvertently reversed the units digit and the tens digit of one score. By which of the following might her incorrect sum have differed from the correct one?
would you expect the price elasticity of demand to be higher at the level of an individual school or at the aggregate
1) A country with a civilian population of 900,00 (all over age 16) has 70,000 employed and 10,000 unemployed persons. Of the unemployed, 5,000 are frictionally unemployed and another 3000 are structurally unemployed. On the basis of this data, answe..
Discuss the sharing economy from a supply and demand standpoint. How do companies like Uber and Airbnb affect supply and demand in the markets for shared rides (taxis, limos, etc.) and rented rooms, respectively?
Why is the demand of labor a derived demand and what is the relationship between productivity and the wages earned by employees where you work or at an organization with which you are familiar?
i need assistance creating my own original linear programming problem with a minimum of two variables and two
Suppose that there is a bond that will pay $500 for each of the next three years (the first payment is one year from now). At the end of three years the bond matures and the holder receives the $10,000 face value of the bond. If the market ra..
Arrow Impossibility theorem states that a social choice function satisfying certain basic properties does not generally exist. What is the importance of this theory for public theory?
Define "modern economic growth" and explain the institutional structures needed for an economy to experience it. Identify the general supply, demand, and efficiency forces that give rise to economic growth.
Identify the population and sample proportions of uncomfortable days, using correct notation - Identify the given parameters, statistics and sample size.
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