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Why is a high level of subsistence agriculture a characteristic of less developed countries? A. It shows that the country uses less energy. B. It means that more people are unemployed or underemployed. C. It means that there are fewer workers available to work in industrial jobs.
Economists have estimated the subsiquent transportation elasticities.
1) An important reason why economies at an early stage of development tend to operate inefficiently is a) they tend to be dominated by the agricultural sector, where productivity is usually low. b) they tend to have authoritarian governments that sti..
Illustrate what are the limits to the exchange rate at which it makes sense to produce in both countries.
Explain how many popsicles will be sold every day in the short run if the price rises to $2 each. In the long run, if the price rises to $2 each.
What is the amount of the son's freshman year expense in terms of actual dollars? (b) What is the equivalent single sum amount at the present time for these college expenses?(c) What is the equal amount, in actual dollars, the father must save each y..
Optimal consumption. The following Table describes the demand for tickets to the opera, during the two=-week season.
The kinked-demand schedule that an oligopolist believes confronts the firm is given in the table below. Compute the oligopolist's total revenue at each of the nine prices
Obtain the market clearing price and quantity. Under the assumption of profit and maximization , how much output should the representative firm produce?
The baker uses the flour to make bread & sells the bread to households for RS. 6.00. The households eat the bread. What is the value added in each stages of production?
Assume a continuous-time solow growth model with no technical progress. The economy is closed and there is no government sector. Labor supply is given by L_t = e^nt, n>0. The average propensity to save out of GDP is s,, with 0
Assume the supply of good X is given through Qsx = 10 + 2 Px . How many units of good X are produced if the value of good X is 20?
A city has decided to impose rent controls, and it has established a rent ceiling below the previous equilibrium rental rate for offices throughout the city. How will The quantity of offices that building owners lease change
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