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Would the balanced-growth path of output per worker for the economy shift upward, shift downward, or remain the same if capital were to become more durable (i.e., if the rate of depreciation on capital were to fall?)
The financial plan is:
Is there a downside to the global economy evolving to be based completely and wholly on the law of comparative advantage? What risk if any does a country assume by making production decisions only according to the law of comparative advantage.
You won a free ticket to see a Bruce Springsteen concert ( assuming the ticket has no resale value) U2 has a concert the same night, and this represents you next best alternative activity. Tickets to the U2 concert cost $80, and on any particular day..
price ceiling and price floorintroductionprice ceiling is the law that sets a maximum price below the equilibrium
Identify three changes that American society is undergoing, and discuss how those changes are reflected in schools? How can you as a teacher become better prepared for the cross-cultural differences that you are certain to encounter among students? H..
Rita borrows $5,000 from her parents. She repays them $6,000. What is the interest rate if she pays the $6,000 at the end of year 2? At the end of year 5? Draw a cash flow diagram. Show all steps.
Supposes airline industry consisted of only two firms: American and Texas Air Corp. Let two firms have identical cost function, C(q) = 40q. Assume that demand curve for industry is given by P=100-Q and that each firm expects or to behave as a Cou..
Compare and contrast the four market structure models: Monopoly, Oligopoly, Monopolistic Competition, and Perfect Competition—including, but not limited to, assumptions/characteristics of each model, profit maximizing price/output combinations, short..
Referring to the 10-year historical period 1980-1990 discuss an example of a change in autonomous spending. Research a government policy implemented during that time and discuss the multiplier effect it had on the economy.
If the marginal product of the 4th worker hired is 6, and the marginal product of the 5th worker hired is 4, you should not hire the 5th worker because your profit would decrease since the 5th worker’s marginal product is less than the marginal produ..
Explain why temporary and permanent fiscal expansions do not have different effects under fixed exchange rates, as they do under floating exchange rates.
You are shown four envelopes. Envelope A contains $1,500; envelopes B, C and D contain uncertain amounts of money but with the following probabilities: Envelope B -- $5,000 with a 10 percent probability, $1,500 with an 89 percent probability, and $50..
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