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Economic growth is a major issue in the current presidential election. The Romney campaign argues that tax cuts for investment is the best way to encourage economic growth. The Obama campaign says that government spending on infrastructure and education is the best way to encourage economic growth. Is it correct to say that the Romney campaign is using a "Neoclassical" model and the Obama campaign is using a "New Growth" model?
Suppose no increase in the price of labor, how many workers will the bakery hire.
What distinguishes money from other assets in the economy? What are demand deposits, and why should they be included in the stock of money?
Provide a report to management of the firm as to whether or not it should continue to operate at a loss?
Illustrate what is offshoring of white-collar service jobs, and how does it relate to international trade. Why has it recently increased.
Two goals of monetary strategy in the United States are price stability and full employment. Explain with the help of the appropriate graphs.
Explain the concept of externality. What does it have to do with the efficient allocation of resources?
A company yearly sells 7,890 units. The cost of placing an order is $100 and the carrying costs are $2 a unit. What is the EOQ, the duration of the EOQ,
a. If Blutarsky only cares about the total amount of alcohol in his basket, what is his marginal rate of substitution of bottles of vodka for six? packs of beer? b. Write out a utility function to represent these preferences.
Suppose an economy only produces single consumption well. Consider permanent upward shift of production function. Graphically describe the effects on each of following:
Explain why is it that for sellers in a purely competitive marketplace, the price received for each item equals the marginal revenue.
Since inventories are not a large component of GDP, how can they affect GDP so sharply explain how will the replenishment cycle affect GDP in the near future?
The table listed below demonstrate the quantities of product X that a producer can produce in one growing season on a 1 acre farm using different amounts of labor.
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