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•Take a stand on whether or not economic growth really makes people better off in the long term. Provide support for your response. •Give your opinion on whether or not the development of the International Space Station stimulated economic growth. Justify your response.
There is a direct relationship between a growing real GDP also rising pollution. Growth provides an economic environment favorable to education also self-fulfillment.
If average worker produces $70,000 of GDP, by how much will GDP increase if re are 140 million labour force participants and unemployment rate drops from 5.2 to 4.5 percent.
You have been asked by your supervisor to evaluate a new proposal designed to cut costs. Under the plan, workers would be paid a fixed wage of $8 per hour.
Explain why monopolistically competitive firms frequently prefer nonprice competition to price competition.
Consider the following short-run production function: q = 5L2 - 1/3L3. Illustrate at what level of L do diminishing marginal returns begin. At what level of L do diminishing returns begin.
Unlike the physical supply chain, inefficiencies characterize the financial supply chains of most companies.
You can now think of the firm as using two additional inputs, pollution vouchers and smokestack filters, to produce x output legally. Does the overall production technology now have increasing, constant, or decreasing returns to scale?
Describe each alternative`s break even pontin unit. At what volume of output would the two alternative yield the same profit.
the congressional research service estimates that at least $45 million of counterfeit u.s. $100 notes produced by the north Korean government are in circulation. Explain why do U.S. taxpayers lose because of north Korea's counterfeiting.
Explain by how much will aggregate demand at current prices shift initially (before multiplier effects) with a$70 billion increase in government purchases.
If a tax were to be imposed on one of these items, for which item would the tax be the most efficient.
Why do you thing they each would work. Illustrate what would the benefits of each action be besides emissions reduction.
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