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Question: Using the "Country Snapshots" data file, plot per capita GDP over time for two countries. Drawing upon Wikipedia and/or other data sources, write a paragraph for each country, discussing the general causes of the major fluctuations in per capita GDP. What shocks appear to be most important in explaining fluctuations in economic activity for the countries you chose? Be sure to document your sources carefully.
explain why the productivity standard for the distribution of income entails rewarding people based on their contribution to societys total output. why does the productivity standard typically fail to yield an equal distribution of income
sometimes market activities production buying and selling have unintended positive or negative effects outside the
The U.S. Entergy Information Agency supplies current and historical data for world crude oil prices. Look both at current and historical data on world crude oil prices. Over the last six months, do you think the price of crude oil has produced an ..
Many cities have passed rent control legislation. Discuss carefully who benefits and loses from such legislation, in the short run and in the long run. Discuss the political economy of such legislation.
Stock market bubbles and following crashes are example of
The principal-agent problem arises when the interests of owners and workers diverge. because of diminishing marginal returns. when the interests of owners and workers converge. because of the profit incentive.
Identify why equilibrium of supply and demand is desirable. Discuss how externalities may prevent market equilibrium and the various governments policies used.
Choose a firm in which you are particularly interested, perhaps one where you might like to work. Go to the library and read about this firm.
What is a normal distribution and What is its usefulness?
How does the company's marginal revenue change as the price changes? What is the relationship between marginal revenue and price? At what price does demand become inelastic?
Jay's Silk Printing Co. is located in a small university town. The major portion of their business is custom printed sweatshirts for university bookstores. As a sideline, they also retail sweatshirts locally. The local demand for sweatshirts is: Q..
The rate of growth in the productivity of capital is one percent the rate of growth of capital is two percent the rate of growth of labor is one percent and the rate of growth in the productivity of labor is three percent. From this we know that per ..
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