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All of the following could immediately or eventually lead to an outward shift of a nation's production possibilities curve, EXCEPT:
A. immigration of skilled workers from other nations to our country.
B. an increase in the birth rate.
C. an increase in the average skill level of all occupational groups.
D. depletion/reduction of the availability of major energy resources.
What exactly is computational economics? For example, does certain software for calculating/predicting/visualizing cost of manufacture falls under computational economics?
The classic example of opportunity cost is the costs of going to college. Illustrate the implicit opportunity cost of foregone income as well as tuition, books, etc. Think about whether room and board should be considered a cost of college. Calculate..
The operating and maintenance expenses are expected to be same whether you purchase the truck or lease it. If the minimum acceptable rate of return is 12% per year compounded monthly, should you purchase this lift truck or lease it?
To which category of U.S. GDP expenditure does each of the following correspond? Using any relevant information below, calculate GDP via the expenditure approach. Nominal GDP in Nowhereland in 2002 and 2003 increased from $4 trillion to $4.8 trillion..
Describe in details how the FED bank uses each of the three monetary policy tools, in order to decrease money supply. In your explanation describe who is responsible for setting the monetary tool and how the monetary tool work and how it affects mone..
The organization where you work is expanding into the global market by opening an office in China. What are some potential ethical and social issues that may arise as the company expands into this new area? Can these issues be avoided or mitigated?..
Identify and discuss some of the other factors that influenced the growth of social media. To get you started and pointed in the right direction, consider how the use of digital cameras, digital video cameras, cell phones with cameras, and portable d..
Explain what it would mean for you to move upward and to the left along your personal PPF. What kinds of adjustments would you have to make in your life to make such a movement along the frontier?
Which of the following is not an assumption of the theory of consumer behavior described in this chapter? In deciding what to buy, the consumer will choose the good with the:
Complete a vertical analysis on the balance sheet for Jake's Janitorial Service for December 31 of last year. The company assets are cash $20,000, accounts receivable $48,000, merchandise inventory $89,000, and equipment $82,000. The liabilities are ..
Using the Library, the Internet, and your course materials, briefly define and explain dynamic pricing. Select a company that uses (or has used) dynamic pricing and respond to the following questions
Compare and contrast the following risk assessment methodologies: (a) the Delphi technique, (b) sensitivity analysis, and (c) Monte Carlo simulation. Provide a rationale for your response.
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