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Can GDP alone properly indicate the nation's genuine progress? If not, what is the limitation of GDP?
Also, What is the difference between a present value and "today's) value?
What are the major institutional changes that take place with economic development? Are these institutional changes causes or mere correlations of growth? Or is growth a cause of institutional change?
What are some of the location-specific advantages found in agglomeration, the clustering of economic activities in a concentrated area? What are the advantages and disadvantages for first movers? What are the advantages and disadvantages for late mov..
q1. elucidate average costs are minimized when marginal costs are at their lowest point.q2. the provide side economics
A rather large city has only one fire station, two fire trucks, and four firefighters. Is fire protection in this city characterized by rivalry in consumption?
Key terms phosphate (P), Adenosine triphosphate (ATP), Dissolved hosphate (PO4-3), bones, rocks, weathering, leaching, sedimentation, uptake, consumption
q. assume a duopoly and let demand be given by pa-bq. in addition let both firms have the same marginal cost c. the
What are some of the central concepts involved in the discussion about the relationship between education, innovation, economic growth, and inequality?
Identify whether the Fed should continue its current pace of security purchases, and indicate what “forward guidance” the Fed should issue now and why? Be specific in answering the question. Forward guidance is the specific language the Fed uses to i..
If the estimated demand is 100,000 trucks, what is the break-even price for the toy truck? Should you shut down?
In doing this you need to look at how the determinants of aggregate supply - such as levels of technology and productivity - can be raised.
The price of the pound of coffee in the world market is $25. What is the price of the pound of coffee in the Home market? What is the output of the local monopolist? What is the total consumption of coffee at Home? (Hint. See Figure 9-4 for the id..
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