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In 1984, individual balances in private retirement plants were $865 billion. Thirty years later, they had risen to almost $25 trillion. In general, balances in private retirement plans are not included in the statistics that show rising income or wealth inequality. How might such an oversight affect our conclusions about inequality?
Assume that aggregate production function is given by: Determine the scale of production. Suppose capital is quadrupled, while effective labour is held constant. What would be the effect on output?
A recessionary gap occurs when. Crowding out refers to the. In the aggregate supply and demand? model, short run equilibrium is.
Suppose that Chinese manufacturers develop the ability to build a good car that costs only $5,000. They start shipping it to the U.S. For each of the following groups, say whether they are likely to win, lose or not be affected much by the Chinese..
What happened to the Leontief paradox when human capital embodied in U.S. exports was accounted for as a separate factor of production? Does this help to explain why college graduates might favor international trade more than those with significantly..
Describe the least cost combination of L and K when output is produced at the rate of 1,000 tons per day. Describe the required outlay for 1,000 tons per day.
The water is identical in the two sizes and John gets no utility from the containers themselves, only from the water.
Answer the following questions using the basic Solow growth model, without population growth or technological progress.
Explain with a graph and a verbal explanation how a ticket price ceiling placed on a monopoly sports franchise (that does not sell out its games) may actually lower ticket prices and raise attendance.
Based on the collected data, evalute the current macroeconomic situation and its impact on Walmart and Starbucks.
An asset costs $20,000 and is in the 5 year property class. O&M costs are $2,000 the first year, $3,000 the second year, $4,000 the third year, etc. Salvage values are $12,000 after one year, $9,000 after 2 years, $6,000 after 3 years, and $4,000 the..
What is a dominant strategy in game theory? replace the entry in the first row and second column with (125, -50). Does A have a dominant strategy? Does B? What is the solution to this game? Suppose that a hospital has the ability to be a perfect pric..
An economy has a Cobb-Douglas production function: The economy has a capital share of a half, a saving rate of 24 percent, a depreciation rate of 3 percent, a rate of population growth of 2 percent, and a rate of labor-augmenting technological change..
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