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1) How do developing and industrial countries differ in their use of technological change, labor, capital, and natural resources to produce economic growth? Why do these differences exist?
(2) Policy makers disagree on the benefits and disadvantages of the interactions between developed nations and developing nations. Some say that developed nations don't want developing nations to grow technology so that they can just exploit their resources. Others say that makes no sense since the growth of developing nations leads to competition, cheaper prices and expanded choices for all. Which of the above do you agree with and why?
suppose nominal GDP in 2012 was $100 billion and in 2014 it was $220 billion. The general price index in 2012 was 100, and in 2014 it was 140. Between 2012 and 2014, the real GDP rose by what percent? What is the size of the labor force in the United..
How could union members' current annual incomes decline on net even if a long-lived strike induces a firm's management to increase the hourly wage rate? Sometimes union memberships coordinate work stoppages when all workers call in sick. From an econ..
The model of the steady-state rate of unemployment assumes that the size of the labor force is fixed. If the size of the labor force is allowed to vary: Please tells me how the job-loss and job-finding processes will differ from the situation when th..
A decrease in demand will cause a (n) With the total cost and total revenue curves, we measure economic profit by the ______ between the two curves. With the per-unir curves, we measure economic profit by a (n) ______.
Based on the article Nearshoring in Latin America, what are the short- and long-term implications of nearshoring given the current economic conditions?
Assume that two power plants, Firm 1 and Firm 2, release arsenic in a small urban community that exceeds the emissions standard. To meet the standard, 40 units of SO2 must be abated in total. The two firms face the following abatement costs: Determin..
Two banks (Franklin and Lincoln) compete for customers in the growing city of Logan town. Both banks are considering opening a branch office in one of three new neighbour hoods: Hillsboro, Fremont, or Oakdale. The strategies, assumed to be the same f..
The Chamley-Judd result of zero optimal capital taxation says that 0 capital taxation are required in order to maximize welfare at the steady state. The result is 30 years old. Still assuming that we only care about the steady state, what's the liter..
Why would a country such as the United States, which can presumably produce everything it needs itself, choose to trade with other nations?
Why do economic include only final good and services in measuring GDP for a particle year! Why don't they include the value of the stock and bonds bought and sold! Why don't they include the value of the used furniture bought and sold?
The basic difference between explicit and implicit costs is
If this speculation proves to be reality could it put the brakes on rising living standards around the world as well as have negative ramifications for the United States?
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