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Suppose that the privatization of the social security system raises the savings rate (and, hopefully, the investment rate) in the U.S. Explain the impact on per capita income growth in the US. Will long run growth be affected?
(Here, I am just looking for the impact of a rise in the investment rate on growth in the economy)
4) During World War II, many countries (most notably Germany and Japan) lost substantial portions of their capital stock while the U.S. emerged relatively unharmed. Explain the impact of the war on the level and growth of income in Germany and Japan.
(Assume Germany and Japan also lost portions of their population due to war casualties. You can ignore the population loss to simplify the answer....the loss of life was actually very small relative to the loss in capital anyway.)
A tax cut has just been announced. Congressman Growth states that its effect will be on the supply side, Congress Stable states that its effect will be on the demand side. Demonstrate graphically the effect of the tax cut on the price level and outpu..
Your company is bidding on a system design project. It is your job to design the system architecture. How will you balance the need for scalability against the need to keep costs as low as possible to win the bid?
How long will this discount change the consumer surplus and producer surplus? Will Big Top be more efficient by offering the discount to children?
In 1870, the U.S had an average income of about #2758 and the U.K of about $3463. In 1999, the figures were $30,600 and $22,640, respectively. If each country grew at a constant rate over these years, in which year did the U.S. overtake the U.K. in t..
If a firm decreases the price of its product and demand for the good is inelastic, its total revenue will decrease. If a firm decreases the price of its product and demand for the good is elastic, its total revenue will decrease. As the price of X fa..
Consumers in some countries, like Japan, are reluctant to accept “foreign” retailing institutions and imported products. Explain this behavior by using the models of culture.
Suppose the Home firm is considering whether to enter the Foreign market. Assume that the Home firm has the following costs and demand.
Explain the relationship between the price charged and the marginal revenue a monopolist receives from selling an additional unit. Provide a discussion that explains the relationship between the monopolist’s marginal revenue and its price elasticit..
Indierence Curves- Explain what an indierence curve is. Explain why an indierence curve always has a negative slope. Indierence curves are concentric to each other. What does an indierence \above" another indierence curve indicate?
Explain how import restrictions affect domestic producers and consumers. How are the concepts of producers’ surplus and consumers’ surplus useful in demonstrating these effects?
Suppose you can hire your mechanic for up to six hours. The total benefit and total cost functions are B(H)=420H-40H^2 and C(H)=100H+120H^2. The corresponding formulas for marginal benefit and marginal cost are MB(H)=420-80H and MC(H)=100+240H. Write..
1. Is it easier to manage network shares from the Windows CLI or within a VBScript? How did your actual lab experiences meet your expectations? Are there specific insights or challenges you encountered that you would like to share with the class?
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