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What does the models say about the education-health relationship- that is, how does education affect the optimal health stock in the model? What are some other explanations of the observed positive relation between education and health?
According to the New York Times (11/18/06) the number of car producers in China is increasing rapidly. The newspaper reports that “China has more car brands now than the United States.” But while car sales have climbed 38% in the first three quarters..
Suppose that the firms in an oligopolistic market engage in a price war and, as a result, all firms earn lower profits. Game theory would describe this as what?
On October 19, 1987, the Dow Jones industrial average dropped about 500 points or a little more than 23%. What effect should a decline in stock values of this magnitude have had on aggregate demand according to the life-cycle theory of consumption?
You have just been appointed the new Economic Advisor to the U.S. Government and have been asked to develop an economic series of projections for the U.S. domestic economy for the next year. Outline your new forecast based on current developments. Al..
What does the term political economy truly mean? How is is applied to the field of political economy uses the tool?
Elucidate how might firms "avoid" experiencing diseconomies of scale also illustrate what does the long-run average cost curve look like when diseconomies of scale exist?
In each of the following situations, the possible bundles contain apples and oranges and either 0, 1 or 2 of each. An example bundle would be 2 apples and 1 orange = (2, 1). In each part, there is a description of a set of preferences. If the orderin..
Upon graduation, Steven purchases a new home theatre system for his apartment.To finance the system, he borrows $5,000 from a new credit card at 21% per year compounded monthly. He fully intends to pay off the loan in 1 year while making monthly paym..
What compensation philosophy (below market, at market, or below market) and approach to total rewards would work best for each one and why?
A project’s annual (operating) cash flows for the next five years are $1.2 million, $1.4 million, $1.7 million, $2 million, and $2.5 million. Assuming a discount rate of 15% and a terminal growth rate of 4%, answer the following questions. a. What is..
Compute the percentage change in nominal GDP, real GDP also the GDP deflator.
The residents of Mobile City all live in mobile homes which they own. However, they rent land for their homes from absentee landowners. The rental supply of land is inelastic at 100 acres. How many acres are rented? Explain. What is the market rent o..
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