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Most development economists now seem to agree that the level and rate of growth of GNI and per capita income do not provide sufficient measures of a country's development. What is the essence of their argument? Give some examples.
Discuss the positive or negative impacts of competition in healthcare on the patient.
Explain this tendency of industrial clusters to break up in terms of the theory of external economies.
A composite beam is made by attaching the timber and steel portions shown with bolts of 12-mm diameter spaced longitudinally every 200 mm. The modulus of elasticity is 10 GPa for the wood and 200 GPa for the steel.
Derive the unit cost functions (19.27) and (19.28) from the production functions (19.24) and (19.25). Determine the value of the constant χ.
Listed below are several policies or events that affect the performance of the economy
Suppose Carl's wage-schooling locus is given by Years of Schooling Earnings Derive the marginal rate of return schedule. When will Carl quit school if his discount rate is 4 percent What if the discount rate is 12 percent
If firm A decides to adopt the innovation and firm B decides not to adopt it, A earns $20 (minus the cost of the innovation) while B earns $0. If firm A adopts the innovation and firm B adopts it as well, each firm earns $15 minus the cost of the ..
From 1969 to late 1970, real GNP grew by more than $40 billion and employment ( the number of jobs) grew by 1.6 million, but the unemployment rate nearly doubled, from 3.4 percent to 5.9 percent. How can that be
Find a 95% confidence interval for the difference in the proportions of units that meet the specification be- tween units with gold wire and those with aluminum wire.
Calculate b1, the slope of an OLS regression line using dollars spent as the dependent variable (Y) and age as the independent variable (X). Consider the follow data on moviegoer spending on snacks: Dollars Spent (Y) Age (X) 8.50 30
cars arrive at carlas muffler shop for repair work at an average of 3 per hour following an exponential distribution.a
The monthly price of internet access services decreases from $20 to $10, and the total quantity of monthly account across all internet providers increases from 100,000 to 200,000. What is the price elasticity of demand? Is demand elastic, unit-ela..
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