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Amume that an economy is in its steady statenooording to the Solow model of economic growth. Consider now an aid agency that increases capital in form of foreign aid for one period. Will this aid initiative increase long-run growth according to the $0101? growth model? Explain. In the space below make a. graph that illustrates the long-run dynamics of this aid initiative.
Discuss how an imperfectly competitive firm resorts to price discrimination to maximize its profits. One of the criticisms of oligopolies is the adverse impacts these firms have on income distribution. Do you believe that is a valid critism? Discuss ..
Briefly describe the Great Depression. Explicitly explain why it is believed to have been an American led world recession. Be sure to highlight the important causes in your explanation.
Compared to an income tax, does an inflation tax place a greater or lesser burden on the poor? Please explain your answer.
Do you think the Business practices in an Islamic country are likely differ from Business practices in the United States? If So how?
"An increase in money causes the interest rate to rise. But a rise in the interest rate causes people to demand less money. It follows that increases in money demand cancel themselves out, and the interest rate is not affected." Is this correct? Why ..
Which of the following is true about income levels in Western Europe and Latin America before 1700? Average income in Western Europe was higher than that in Latin America.
What is the Turkish lira interest rate, if the uncovered interest parity approximation (UIPA) holds?
Measures of elasticity enhance our ability to study the magnitudes of changes in quantities in response to changes in prices (or income). This is especially important for policy, where the effectiveness of a tax depends, in part, on the elasticity of..
Write an HTML5 page with JavaScript that creates a custom object to store information about a vehicle. Create the object in an external JavaScript file.
Is it possible to change the numbers so that John has comparative advantage in producing both goods? Explain. If the answer is yes, give an example.
Electrotech, a maker of household smoke detectors, buys resistors for its smoke alarms for $.15 each. The resistor manufacturer marks-up the resistors from $.10. Does the resistor manufacturer’s mark-up necessarily represent profit?
Which does an increase in the price of a Chinese-made car that is popular among U.S. consumers show up in?
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