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Policy makers talk about the "capacity" of the economy to grow. What specifically is meant by the "capacity" of the economy? How might capacity be measured? In what ways is capacity limited by labor constraints and by capital constraints? What are the consequences if demand in the economy exceeds capacity? What signs would you look for?
Table 22.4 shows the prices of fruit purchased by the typical college student from 2001 to 2004. What is the amount spent each year on the "basket" of fruit with the quantities shown in column 2?
Following is a multiple regression in which dependent variable is market value of houses and independent variables are the age of the house and square footage of the house.
Besides the safe harbor provisions, are there any other potential areas of high risk?
Suppose the government imposes an excise tax on tractor trailers. The black line on the following graph shows the tax wedge created by a tax of $80,000 per trailer.
Country A and country B have identical population growth rates of 1% per annum, and everyone in each country always works 40 hours a week. Labor productivity grows at a rate of 2% in country A and at a rate of 2.5% in country B.
The Xerxes Company is composed of a marketing division and a production division. The marketing division packages and distributes a plastic item made by the production division. The demand curve for he finished product sold by the marketing divisi..
Since Fall of 2011, the price of oil has shown a sharp increase again as continuation steady rise in oil price attributed to the Arab Spring (the political uprising in the Middle Eastern and North African countries) started in the beginning of 201..
Why did these problems exist, how were they handled, and what was their overall impact on the war at large?
Why are prices in the United States different in (c) and (b)? Are consumers better off with free trade? In what ways?
Then compute the average utility associated with each game, given the utility values that are associated with each dollar outcome.
demonstrate a seeming peculiarity about mixed strategy Nash equilibria. Consider the following game between the Chicago Bears' oense and the Detroit Lions' defense. Payos are the number of yards advanced (positive yards for Chicago are negative ya..
The last ones are wrong or I am getting repeated answers for the wrong question. An automatic saw at a local lumber mill cuts 2 by 4 to an average length of 120 inches. However, because the saw is a mechanical device, not all the boards are 120 in..
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