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1. What is human capital and why is it crucial to expand human capital as part of the development process?
2. Explain some of the reasons why developing countries have not realized a greater positive development impact from their higher education programs.
3. Why should the development of a solid elementary education system take precedence over an expansion of the university system in developing countries?
4. Explain why the education of girls is probably the most cost-effective development investment. Be sure to include in your answer some discussion of at least two of the following: absolute poverty, health and development, fertility, and agriculture.
5. How can an increase in human capital lead to an increase in GDP? Why might it not lead to an increase in GDP?
1. The Gondwanaland Chairman of Production reported that the new Altair chariots (most modern, horse drawn family chariot) had a PRICE elasticity of 3 and an INCOME elasticity of 2. The supply of these Altair chariots is elastic. Evaluate the foll..
1. There are three economic actors in our circular ?ow model: households, ?rms and markets.
Where would the threshold need to be moved (from its current location at 17 inches) to give Little Miss DrunkyPants a 51% chance of winning?
How large is the economy of Japan? Japanese GDP in 2010 was 480 trillion yen (U.S. GDP, again was $14.5 trillion). The exchange rate in 2010 was 87.8 yen per dollar. Contrary to China and India, however, Japan had higher prices than the U.S. the pric..
How can we use the Supply and Demand Model in real life to understand the behavior of Prices and Quantities in the Market?
The NHFishercats are debating whether to build a new restroom in the leftfield area near the patio adjoining the bar/restaurant located there
Suppose that Sally’s preferences over baskets containing food (good x), and clothing (good y), are described by the utility function U (x, y) = √x + y. Sally’s corresponding marginal utilities are, 1 MUx=2√x and MUy=1. Find Sally’s food demand functi..
Because of changing demographics, a small, private liberal arts college predicts a fall in enrollments over the next five years. How would it apply marginal ana
Using the AD/AS model, discuss the changes to the economy that the Phillips curve explains well, and describe under what conditions the Phillips curve fails to explain economic behavior. Include graphs of the Phillips curve and the AD/AS model in you..
In the united states, the mean age of men when they marry for the first time follows the normal distribution with a mean of 24.6 years.
If Ontario decided to make post-secondary education free, how would this affect the economy
A rolled model product company purchased a machine for ram clambering large I- beam. The company expects to bend 95 beam at $2000 per beam in each of the first year, after which company expects to bend 125 beams per year through 9 years. If the compa..
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