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In the United States, the economy grew by 2.6 percent per year (in real terms) during the 1980s. In India, the economy grew by 5.3 percent during the 1980s. However, population growth in the United States was 0.8 percent annually, while population growth in India was 2.1 percent annually. Which country increased its standard of living faster for the average citizen? By how much?
The Textile Workers of America is planning to strike for higher wages. Management predicts that if the strike is successful, the cost of labor will increase to $100 per day. If the strike is successful, how would this affect the decision in part a..
What are the long-run equilibrium values of output, the real interest rate, consumption, investment, and the price level?
Explainthe effects of Ae / A on the unemployment rate
A manufacturer of off-road vehicles is considering the purchase of dual -axis inclinometers for instalation in a new line of tractors. The distributor of the inclinometers is temporarily overstocked and is offering them at a 40% discount from the ..
You are the manager of a Mom and Pop store that can buy milk from a supplier at $2.00 per gallon. If you believe the elasticity of demand for milk by customers at your store is -3, then your monopoly price is.
Create your response, in the Assignment submission box below (not in the Comments field), as a journal or diary entry. Researching the musical Hair most likely will be needed
The 1-year interest rate in the U.S. is 10%; in Switzerland it is 12%. The current spot rate (dollars per franc) is $0.40. a. What do you expect the 1-year forward rate to be b. Is the franc selling at a premium or discount
Claire wants to maximize profits. What price would she choose? How many units would DEX sell?
Finally, suppose for part c only that you now have the additional information that the marginal cost to Magee's of making one transparent pie is $2 (and is constant). Magee's currently charges $5 for each transparent pie.
If we examine the market for rice in USA during the year2007 and 2009, the demand of rice was higher in the year 2007 but it felldown during the year 2009, due to the drop in the export demand of rice.
Consider the economy of Hicksonia. A. The consumption function is given by C = 200 + 0.75(Y-T) Investment function is I = 200 - 25r Government purchases and taxes are both 100.
Lumberjack Power, operator of a nuclear plant, is planning to replace its current equipment with some that is more environmental friendly. The old equipment has annual operating expenses of $6,750 and can be kept for 8 more years.
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