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Because of its effect on the amount of capital per worker, in the short term an increase in the working population is likely to
a. reduce productivity. Other things the same, this decrease will be larger in a rich country.
b. reduce productivity. Other things the same, this decrease will be larger in a poor country.
c. raise productivity. Other things the same, this increase will be larger in a poor country.
d. raise productivity. Other things the same, this increase will be larger in a rich country.
When the competition is intense and the environment is changing rapidly, it is especially important to
Illustrate scarcity, choice also prospect cost with the aid of a diagram demonstrating a production possibilities frontier
The rate that does aggregate output, aggregate investment, aggregate consumption as well as per- capita income grow in this steady state.
A $150 tax levied on the producer of cars will cause:
Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually.
What happens to the stock of money if the Fed lowers reserve requirements by changing the reserve ratio to 10 percent?
q1. given an exchange rate of sf1.25 1 how do the car prices of both countries compare?q2. the payoff matrix of
Briefly summarize the impact of an oil import tax by explaining who is helped and who is hurt among the following groups: domestic oil consumers, domestic oil producers, foreign oil producers, and the US government.
The Department of Justice concluded that satellite radio is not a market in and of itself while reviewing XM and Sirius merger. What other kinds of competitors did the DOJ include in the market? Discuss.
Describe the Taylor rule. If the Fed were following the rule, what would the nominal Fed funds rate be if inflation over the past year were 4% and output were 1% below its full-employment level?
Two Division managers at King Size Manufacturing have been in a long discussion with top management about allocation of capital spending over the next three years. The current plan up for approval calls for the bulk of capital expenditures to go to D..
Illustrate what will happen to the equilibrium quantity also price of a product in a competitive marketplace when the increase in demand exactly offsets the decrease in supply.
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