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1.) Explain the concept of diminishing returns to physical capital. What does it predict about economic growth of different countries over time? Give two real world examples that are in line with this prediction, and one that contradicts this prediction.
2.) How is this concept similar to, and how is it different from, the concept of decreasing returns to scale?
3.) If you were a policymaker who could choose one specific policy to increase long-term prosperity of your citizens, what would it be and why?
Why firms in artic nations are already developing specialized tanker ships and platforms for use in privately accessible artic areas? What are possible opportunity costs of opening Artic lands to private extraction of as-yet unavailable resource endo..
Methods that are sometimes used by unions to increase wages of union workers. advertising to increase the demand for union-made goods.
The inverse demand function of a group of consumers for a given type of widgets is given by the following expression: π = −10q + 2000[$] where q is the demand and π is the unit price for this product. Determine the maximum consumption of these consum..
Explain the concept of devaluation, and explain the effect devaluation has on the price of a country's imports. What some effects on the industry? Buying and selling countries? Give an example that supports your claims.
The simple trade model demonstrates that countries can expand consumption by specializing in the production of goods and services in which they have a comparative advantage. In reality, we do not see the complete specialization in production. St..
A dealer in Singapore quotes S$ 1.7430/$ while a dealer in Paris quotes $0.8610/€. What should be the direct quote for the Euro in Singapore? Another dealer in Frankfurt quotes €0.6680/S$. Is there an opportunity to arbitrage for an American investor..
Making a Java program with in which I to create a main() in it and another code file with a separate class. Also needs creating objects of the class in the running program. The system handles employee records and processes payroll for them. Create..
Assume that the salvage value for early termination is a linear interpolation between the given first cost and the salvage value.
What order quantity would you advise and how much can they save using your recommendation instead of their one order per year strategy.
Elucidate which methods resulted in the most hits. Elucidate which methods resulted in few or no hits.
Does overvaluation (undervaluation) of As currency reflect a major capital inflow (outflow) into country. What can you find with respect to financial account of balance of payments to substantiate that interpretation.
Choose from these topics: Emerging health care reform, managed care, total quality improvement intergrated care delivery systems e.g. alliances, network, mergers, organizational downsizing. Analyze how each has changed delivery on both macro and micr..
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