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After reading about the Solow growth model, which concludes that continued economic growth requires continual innovation, and Schumpeter’s dynamic growth model, does the combination of these two models provide an adequate model of technological change and economic growth? What exactly determines the rate of technological progress? Finally, how would you work the variables contained in these models into the Harrod-Domar growth model?
Assume that HP is evaluating idea of placing a DC (Distribution Centre) in Europe. What are advantages and disadvantages to this model.
Find the autonomous expenditure and induced expenditure in this economy.
Marge opens an oxygen bar in a building she owns. She utilized to rent the building to her brother in law.
Which of the following statements do economists NOT agree on?
What are the five factors that influence comparative advantage? How can the government use different fiscal policies to [a] lower unemployment and [b] reduce inflation?
Elucidate how much labor should the firm employ. What is the resulting output and profit.
Illustrate what do your previous answers imply for the price of haircuts relative to the price of food.
Calculate the elasticity of demand for your chosen company's automobiles (or choose a specific make / model). Interpret what the demand tells your chosen company's management team.
Assume that the society decided to reduce consumption also increase investment. Explain how would this change effect economic growth.
Rental cars should be treated as perfectly divisible. Be sure to provide numerical coordinates for any particularly key point.
Assume that initially G is $300 and equilibrium real GDP is $5000. If the multiplier is 5, what would be the new equilibrium level of GDP if Government expenditures increase to $500?
How could a terrorist impact the United States' economy - not the attack itself, but its eventual consequences - Is the energy infrastructure the most viable target for the international terrorist?
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