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In a country 1/3 of all females born die in infancy, 1/3 die at age 23, and 1/3 live to age 65. Women bear one child at age 17, one child at age 21, one child at age 25, and one child at age 28. One- half of children are girls.
The net rate of reproduction is?
The total fertility rate is ?
Some economists and policymakers argue in favor of replacing the current income tax in the USA with consumption tax. What are your opinions on the issue? How do think such change impacts your income and expenditure pattern? Which tax methods do you p..
The Hassman Company produces two joint products, X and Y. The isocost curve corresponding to a total cost of $500,000 is Qy = 1,000 – 10Qx – 5Qx^2. What is the optimum output of product Y? Can you be sure that the optimum output combination lies on t..
Elucidate how many additional watches can be produced by an extra hour of labor.
If a project is efficient (its total benefits exceed its total costs), would it be possible to allocate the cost of the project in a manner that would provide net benefits to each voter? Why or why not? Explain. Will efficient projects necessarily be..
The regression results are presented on the next page. Based on this information, which proposal would you favor.
What are the ethical issues at stake when companies permit employees to use personal technologies on the job? What are the implications for all stakeholders?
No one can predict a natural disaster or world crisis. When a hurricane or flood or a pandemic strikes a country, who is most likely to respond first? Which economic system is the best solution to handling a crisis of epic proportion?
Could the oligopoly market structure benefit both consumers and businesses by forging common standards in industries that experience rapid technological change.
As a postgraduate student of economics I've been trying to expand my mathematical "toolset". While doing so I've talked to engineers, physicists and mathematicians, many of which have disdained the use of mathematics in economics. Their arguments var..
Suppose the federal reserve made a mistake and caused a recession. Then we should observe A. a high rate of money growth. B. potential output decreasing. C. interest rates rising as output falls. D. inflation increasing as output decreases. E. inflat..
One morning the Open Market Account Manager at the New York Federal Reserve Bank discovers that the effective (equilibrium) market federal funds rate is 1.25%. Suppose the target federal funds rate is 2%. What does this indicate?
The traditional U.S. auto industry (the Big Three) has struggled for many years against competition from foreign-owned automobile companies. Their struggle was dramatically heightened in 2008 with the world-wide credit crunch and economic slowdown. W..
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