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Why is it better to use the United Nations Human Development Index (HDI), rather than GDP, to measure human's quality of life? What are the limitations of using GDP to measure people's well-being? Give 3 examples.
You have a machine that costs $30,000 now and can be sold for $13,000 in year 4. The machine costs $12,000 each year to operate and the raw materials cost $10,000 each year. The machine produces 500 pieces each year. Using an interest rate of 7%, wha..
This document contains various important questions and their appropriate answers in the subject field of Economics.
Explain how the listed events, a) to d), would affect the following at the Ford Motor Company [make sure you explain and justify your answer):
1. A consumer has $300 to spend on goods X and Y. The market prices of these two goods are
What salary represents the 15th percentile? You MUST show what went into the calculator and then your final answer.
What microeconomic variables help determine the U.S. stock market performance?
Is it a local, regional or national monopoly. What are some of the Barriers to Entry into this industry.
Individuals do not hold capital. The fiat money stock (monetary base) is $2000 in every period. Calculate the following variables:
You are planning for retirement 34 years from now. You plan to invest $4,200 per year for the first 7 years, $6,900 per year for the next 11 years, and $14,500 per year for the following 16 years (assume all cash flows occur at the end of each year)...
(A) Draw a budget line showing all the different combinations of the two goods that can be bought with the given budget.
The annual demand curve for the perfectly competitive milk market is P = 9 - 0.01 Q. This market is in long run equilibrium. The price of milk is $2.00 and each of the producers operate at minimum long run average cost (LAC). What is the dollar value..
According to authors Nash, Pretty and Stehouwer in "Let's Win One for the Gipper," which of the following were successes attributed to Ronald Reagan's presidency? Real growth in GDP increased 31 percent. American labor productivity increased 10.6 per..
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