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In many countries, despite growth in GDP, surplus labor did not disappear, as predicted by the Lewis model, and was merely relocated. Explain this statement. Hint: Think about the causes of unemployment.
If a monopolist can represent the demand of its product as Q = 100 - P and its marginal revenue from sales as MR = 100 - 2Q, where Q is the quantity of production and sales and P is a uniform price charged to each customer, and has a constant margina..
Examine how the Federal Reserve controls the money supply. In a paper, formulate how the independence of the Federal Reserve should or should not be modified in any way.
In this case, what is the steady state unemployment rate, the number of employed and unemployed people?
The Individuals with Disabilities Education Act mandates that states and localities provide appropriate education for all students identified as having special needs. States have responded by funding special education using several different mechanis..
Let’s try an application of the Heckscher-Ohlin model to our countries of Leinster and Saxony, which produce and consume bread and telephones. You may assume that the only two factors of production are labor and land. If Leinster has 8 million acres ..
Now assume that the price of good x increases to 6. Find the new optimal consumption bundle and comment on it.
International Current Events Research on Ethical Missteps or Social Responsibility. Where you found it - please provide a live hotlink to the article. The two countries involved.
But in the long-run, when people and resources can move between industries, everybody ends up gaining from free trade. true or false? why?
What is the demand for central bank money? Find the equilibrium interest rate by setting the demand for central bank money equal to the supply of central bank money. What is the overall supply of money? Is it equal to the overall demand for money at ..
If the school based deworming intervention had positive externalities, would regression analysis overestimate or underestimate the treatment impact of the progr
If C = 1000 + 0.75 x Disposable Income while investment is I = 2000 – 20r. If government expenditures are 0, the tax rate is 1/3, what is the equation of the IS curve? What are the values for r-intercept and the Y intercept?
Assume production is described by Y = BK^alpha X^beta E^gamma L^1-alpha - beta - gamma, where K is capital, X is land, and E is energy. Capital evolves according to a typical Solow model, K^dot = sY - delta K. Land does not grow, X^dot = 0. Energy ev..
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