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In the neoclassical growth theory
A) small differences in the saving rate or population growth cause large variations in per capita income.
B) large differences in the saving rate or population growth rate cause small variations in per capita income.
C) large differences in the saving rate or small differences in population growth cause large variations in per capita income.
D) small differences in the saving rate or large differences in population growth cause large variations in per capita income.
Elucidate how much the last input added to the total amount of revenue. Elucidate how much the last input added to the total amount of production.
Everything else equal, when the market supply curve shifts inward, consumer surplus. Everything else equal, given an upward sloping supply curve, if the market demand curve were to shift outward, producer surplus
Suppose the demand for honey is given by Q=500-4p. Also, suppose there are 80 honey producers in the market. What is the equilibrium price of honey?
Suppose you were given a choice to select from a menu of items in your employee benefits package. The menu might include medical coverage ($1500 deductable), life insurance equal to a year's salary, vacation time based on length of employment with th..
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Contrast and Compare: A Mature Industry vs. New Innovation and Technology. Explain the advantages of maturity as well as the possible limitations. Then, compare that to the same issues for a new company.
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Explain how would Ford Moter Company use price Elasticity of demand to determine whether to increase or decrease the price.
Do you know which states have the highest unemployment rate right now? As businesses are downsizing in the recession, they are laying off a lot of people. What type of unemployment will then occur?
Reflect on the changes in U.S. manufacturing over the last half century. Why did the United States lose so many jobs? What impact did that job loss have on the U.S. economy and on the economies of countries like China and Mexico that have been the re..
Explain two distinct factors through which geography can affect a country's income and prosperity. For both of these factors described in part A, discuss whether you think the effect of these on a country's income is fixed over time or whether the ef..
What effects would each of the following have on aggregate demand or aggregate supply? In each case use a diagram to show the expected effects on the equilibrium price level and the level of real output. Assume all other things remain constant.
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