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6. Using the numerical example in problem 5, assume now that Foreign limits immigration so that only 2 workers can move there from Home. Calculate how the movement of these two workers affects the income of five different groups:a. Workers who were originally in Foreignb. Foreign landownersc. Workers who stay in Homed. Home landownerse. The workers who do move
If the price changes above occurred for all goods across the economy during the four year period, elucidate how nominal GDP and real GDP would differ.
Waters' Edge is a clothing retailer that promotes its products via catalog and accepts customer orders by all of the conventional ways including the Internet. The company has gained a competitive advantage by collecting data about its operations a..
Short term Treasury bills [3 and 6 month] have current annual rates of interest around 0.5%. Use that info plus your best forecast of inflation to calculate the real rate of interest on those bills.
Choose five innovations associated with the Industrial Revolution and five innovations from the Technological Revolution. For each innovation, identify the effects it had on individuals, societies, businesses, and politics.
Calculating the MPC . In one year a consumer income increases by $200 and her consumption increasesby $160. What is the marginal prosperity to consume ?
If the quantity demanded for apples increases by 1.25 per cent when the price of grapes increases by 2.5 per cent, the cross elasticity of demand between apple and grapes is,Suppose a rise in the price of a good from $7.50 to $8.50 leads to a decr..
Use the following information for a company's output at various levels of employment (L) to compute:
According to Jeffrey Sachs, Illustrate kinds of development assistance can make a difference in Africa, and what role does he anticipate for the developed world.
We assume there are no lump-sum taxes and no dividend income: ? = T = 0. We assume h = 1 and the wage rate w = 1. There is a consumption tax such that for each purchased unit of consumption, the consumer needs to pay 1 +t units where t goes to the..
Assume that a "leader country" has real GDP per capita of $40,000, whereas a "follower country" has real GDP per capita of $20,000. Next suppose that the growth of real GDP per capita falls to zero percent in the leader country and rises to 2 perc..
Find out at least two sources to help you solving the subsiquent questions about the air line company.
Assume you are an aid to a government official deciding on some recently proposed excise tax on the welfare of her constituents.
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