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Look at the differences in per capita GDP growth of the following countries in 2006:
United States = 1.9% Canada = 1.7% India = 7.7% China = 10.1%
What do the different growth rates in per capita GDP imply about the differences in per capita GDP between 2006 and now?
What factors, such as international trades, might explain such differences in per capital GDP growth rates?
What are some other potential sources of economic growth?
Which of the following pricing strategies is NOT used in markets with special cost and demand structures?
Is this projected outcome consistent with the law of demand? What is the price elasticity of demand associated with this pricing decision? Should you increase the price?
Select a good that you are familiar with. What are the factors that shift the demand curve for this good? What are the factors that shift the supply curve for this good?
q.consider a competitive market with 9 consumers each of whom will buy at most one unit of the good and 8 vendors each
Assume the market for cough syrup is in equilibrium. Now, suppose the government imposes a price ceiling that is above the original equilibrium price. Illustrate what are the economic effects of the price ceiling?
Draw a production possibilities curve between healthcare and all other goods. Insert a point in the drawing that illustrates an economy with an inefficient healthcare system. Insert two additional points that illustrate two efficient economies but tw..
Moli Labs Inc. is developing medical research on anti-memory loss pill. The lifetime value of the patent would be V = $840 (in millions). The company can invest in many separate identical labs. Each lab costs $21 million to operate, and each has a pr..
Think of any financial innovation in the past ten years
How do restrictive job protection measures affect the demand for unskilled workers? Do they benefit or help the unskilled worker? Explain.
Describe the output level where average variable costs are minimized. Determine the output level where marginal costs are minimized.
Identify the two events that can cause a shift in the Production Possibilities curve.
currently there is an incumbent monopoly in a market. a potential entrant may enter. the incumbent can spend x dollars
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