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What is division of labor society and how does it give rise to a science like economics? Name and explain two ways that the division of labor increases the productive capability of an economic system. Also, what is wealth and why do humans have a limitless need and desire for wealth? How does this relate to the issue of scarcity?
You have been hired by a local used car dealer to help in their pricing of used cars. then what the estimated coefficients mean for each of these regressions.
A firm produces according to the following production function: Q=k^.5L^.5 where q= units of output, k= units of capital, and L= units of labor. suppose that in the short run k=100. moreover, wage of labor is w=5 and price of the product is p=10. wha..
Why do countries repay their foreign debts? Why don't countries repay their foreign debts and what is the risk with exchange rates when they are fixed? What is the risk with exchange rates when they float?
In a multiple regression model using 400 students to explain college grade point average, the following explanatory variables and a constant term equal to 1 are initially included in the regression: high school GPA, ACT score, number of credits co..
Explain basic socio-demographic information, such as population, major ethnic groups, religions, age distribution, educational attainment, etc. The name of the country and it's geographic location.
You work in a medium-sized organization (200-300 people). You head a team that has been tasked with creating a training program for all employees on the usage of a new company-wide software program.
Starting anew from the equilibrium in part a., suppose that the cost of raw material used in the production of this good increases (assume nothing else has changed). Draw a diagram comparing the effect of the increase in the cost of materials in t..
If you increase the vakue of your goods but sell more units is this a violation of the law of demand and how could input suppliers ever lower your profits?
If monetary authority wants to stimulate an economy in a recession, it often reduces interest rates, and if inflation rate is low, as it has been in the early part of current decade,
Assume you are a financial advisor to an investor whose portfolio consists of 400 shares of Delta Cruise Inc. stock and 10 put options on the same stock.
make a graph showing gdp growth trend for the 5 countries.comment on the development. particular around and after the
Determining at least two websites or articles to help you answer the following questions about the petroleum industry. It is to be done is précis of the major points of the article or Web site, and to be referenced.
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