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What are the major institutional changes that take place with economic development? Are these institutional changes causes or mere correlations of growth? Or is growth a cause of institutional change?
Suppose which gross private domestic investment is $800B also the government is currently running over a $400B deficit.
Compute how this policy affects consumer surplus, and the cost of pollution. Would you recommend this policy.
In your discussion, differentiate between the taxes that are imposed by local governments and those that are imposed by the state and federal government.
Illustrate what effect will each of the following events have on the current account balance and the exchange rate if the exchange rate is fixed.
Assume the inflation rate is constant. Write down this number on a piece of paper because you will need the information for a subsequent question.
Do you see our communities growing closer together or further apart. One page double spaced.
If government industry regulators underestimate the degree of competition in an industry are they likely to over-regulate the industry? Explain.
Approximately how much output should the firm allocate to market 2? What is the approximate price that will be charged in market 1? What is the approximate price that will be charged in market 2?
Suddenly, 20,000 people immigrate from abroad and initially settle in the West. Elucidate why they possess the same skills as the native residents and also supply their labor inelastically.
Suppose you have a production technology that can be characterized by a learning curve. Every time you increase production by one unit
Suppose the entire civilian labor force is 20,000 people and the number of unemployed is 2,000 people.
There is no way to identify family types for pricing purposes also all costs are fixed so to maximizing total income is equivalent to maximizing profit.
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