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The World Bank calculates that the income gap ratio for the world,IGR=TPGHyp,decreased from 17.8% in 1983 to 3.23% in 2013 when using 1.9 USD PPP per day as the povertyline. What do these numbers exactly mean? Explain
Explain Alfred Marshall's theory of a long run (long period) competitive equilibrium (the theory still used to this day to explain the long-run outcome of perfectly competitive markets).
Payments for imports and receipts from exports are recorded in the current account. Foreign investment in the United States and U.S. investment abroad are recorded in the capital and financial account. A change in U.S. official reserves is recorded i..
Mr. Dilatoriness has a PhD in economics, but is happily unemployed; he spends most of his time reading classical literature, art and philosophy. He gets $ 3000 a week from his parents. Explain the concept of a reservation wage? Under what circumstanc..
Do you find that in recent years that housing has became more difficult for consumers to achieve?
Suppose that Scott and Bob live on the same street. In the winter, both of them like the snow on their street to be plowed. Bob’s demand is given by Q = 40 – P, and Scott’s demand is given by Q = 30 – 2P. Suppose that the marginal cost of plowing the..
Explain the multiplier concept as it applies in this case. Illustrate what are the qualifications and limitations of the Multiplier Model.
How does the oil prices also get affected by oil price futures, which are traded on the commodities exchange?
CanGo should analyze its internal strengths and weaknesses in order to properly align them with their external threats and opportunities.
Upon graduation, John Jones takes a position as risk manager to ABC Manufacturing which manufactures widgets that are utilized in farm equipment. Unfortunately, ABC Manufacturing has had a long history of significant injuries to its production employ..
Discuss at least two alternative measures of national welfare that have been put forward? What are the primary strengths and weaknesses of these alternatives and discuss at least two alternative measures of national welfare that have been put f..
Identify three keys points or beliefs held by the Chicago school of economic thought. What are the macroeconomic policy implications of those beliefs?
The EZ Credit Company offers to loan a college student $6,200 for school expenses. Repayment of the loan will be in monthly instalments of $382.95 for 18 months. The total repayment of money is $6,893.10, which includes the original $6,200, $1,234.72..
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