Returns to scale and returns to factors of production

Assignment Help Macroeconomics
Reference no: EM133311855

Chapter. 10: Growth Facts

1. Growth facts, comparative changes in world economic development and growth. Convergence vs. divergence

2. Determinants of growth and income per capita differences across countries

3. Returns to scale and returns to factors of production, explanation and proofs.

4. Measurement(s) of economic development.

5. Objectives of economic development.

6. Problems with GDP/capita as a measure of welfare. What is HDI? What are the pros/cons of using GDP vs. HDI?

7. Common characteristics of developing vs. developed countries.

Reference no: EM133311855

Questions Cloud

Explain how this company segment the market : QHO322 Introduction to Marketing insights, Solent University Explain how this company segment the market; describe the features of their customers
Relations and functions in mathematical models : In the scientific approach to Business Administration and Economics, it is relevant to include Relations and Functions in mathematical models.
Identify how policy decisions made by greece : Identify how the policy decisions made by Greece since 1973 contributed to the sovereign debt crisis in 2010.
How to develop of mae kha canal with sustainable tourism : How to develop of Mae Kha Canal with sustainable tourism? Discuss the link between sustainability and the impacts of tourism at Mae Kha Canal.
Returns to scale and returns to factors of production : Determinants of growth and income per capita differences across countries. Returns to scale and returns to factors of production, explanation and proofs.
What hr management is and how it relates to line management : Explain what HR management is and how it relates to line management. What skills and competencies do today's human resource managers need and why?
What does that say about modern urban japan : Is the central character really Keiko or is it the convenience store, and if so, what does that say about modern urban Japan?
About oil-exporting country : What do you expect would happen to the currency of the oil-exporting currency had it not fixed its currency?
What steps are you allowed to take in order to collect debt : When someone owes you money in Canada, what steps are you allowed to take in order to collect the deb-rt? What sorts of actions are prohibited?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Explain the different market structure

The different market structure and how they determine the degree of competition among firms and how they maximise profits in the short run and long run.

  Describe why time lags in discresionary fiscal policy

Describe briefly why time lags in discresionary fiscal policy can adversely affect the efforts.

  What is crowding out effect and why might it be relevant

Briefly state and evaluate the problem of time lags in enacting and applying fiscal policy. How might "politics" complicate fiscal policy How might expectations of a near term policy reversal weaken fiscal policy based on changes in tax rates

  What is the balance at the end of year 13

Assume that $5000 is deposited today, three years from now, six years from now, nine years from now, and twelve years from now in a savings account which earns 5% annual interest. What is the balance at the end of year 13?

  Differences between keynesian and classical ecomics

What are the differences between Keynesian and classical ecomics?

  Pros and cons of using expansionary and contractionary

What are the pros and cons of using expansionary and contractionary monetary policy tools under the following scenarios: depression, recession

  Determine the value of the firm

A firm's current profits are $900,000. These profits are expected to grow indefinitely at a constant annual rate of 2 percent. If the firm's opportunity cost of funds is 4 percent, determine the value of the firm:

  Each answer needs to be a paragraph1 how does an

each answer needs to be a paragraph.1 how does an expansionary monetary policy work? describe the steps through which

  Higher incentive to innovate than other market structures

Discuss the view that an oligopolistic market structure provides a higher incentive to innovate than other market structures.

  Which statement best summarizes friedman

Which statement best summarizes Friedman's views on the role of monetary policy? Monetary policy should best be conducted by: 1.controlling the price level

  Identify also describe three trade restrictions

Identify also describe three trade restrictions. In your opinion, which method of restricting trade is the most efficient.

  Good measure of national economic well being

The ultimate question for this week is: "Is GDP a good measure of national economic well being?"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd