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If one country has per capita income of $15, 000 and its economic growth rate is 5 percent per year, what will its per capita income be in 10 years? About how many years will it take to catch up to a country where the per capita income is $30, 000 per year and the economic growth rate is 1 percent per year?
(Hint: Using annual compounding, future value = present value ∗ (1 + rt), where r is the growth rate, t is the number of periods.)
Find out the probability of a 5%-level test rejecting the null hypothesis when the true mean impurity concentration is 2.10%.
Explain what do you think the fact that most American CEOs are paid so much more than rank-and-file employees suggests CEOs are overpaid.
EXPLAIN IF POSSIBLE. What is happening to the US trade balance in each of the following situations? Explain.
Do you think that Business practices in an Islamic country are likely to differ from Business practices in the United States? If so, how? Recognize why many economics believe that unrestricted free trade between nations will raise the economic welfar..
Consider the following short-run production function (where L =variable input, Q =output: Q = 10L - 0.5L2 Suppose that output can be sold for $10 per unit. Also assume that the firm can obtain as much of the variable input (L) as it needs at $2..
trace the evolution of work on the laissez-faire doctrine through two arcs. first those theorists who are trying to
Joe can make apple pie at a lower opportunity cost than Sandy but Sandy can make more apple pies per day than Joe. This means that
The Townsville City Council is considering a proposal by the mayor to construct a recreational facility at a cost of $1.0 million. The facility is expected to have a useful life of 30 years during which operating costs are expected to average $100,00..
Explain why cooperative approaches may stand up to legal review more easily in unionized plants than in non-unionized environments.
Choose any two of the numerous Great Society programs that were initiated ruing the 1960s; explain the intent of those two programs. Then, give a substantiated assessment (-.gov sources work well for this) of how successful those programs have been i..
Illustrate what should the prod level if fixed costs rose to $50000 per month Explicate.
explain the future consequences of this action on the economy and the inflation rate. Please indicate the documentation on your research.
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