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In the Solow growth model, if the savings rate is X; the per-worker GDP equals the per-worker stock of capital goods, the depreciation rate of capital goods is Y, and capital goods per worker in year 1 equals Z, then what will be the amount of capital goods in year 2? Show work.
Using the factor endowment theory or the Porter’s model, list 3 sources of comparative advantage for one BRIC country. How would the US fare on each of the sources you selected? China.
Indonesia's infrastructure is in bad shape. [According to a recent article in The Economist (May 9th 2015): "companies spend 50% more on logistics than those in Thailand and twice as much as those in Malaysia."] The government of Indonesia cut fuel s..
In the 2010 article Giving Credit Where It Is Due by A. Banerjee and E. Duflo, the authors present a number of facts and interpretations on the workings of informal credit markets in less developed countries. What are the sources of inefficiency in c..
What are the elements of the strategic management process? How are these interrelated? According to the I/O mode, what should a firm do to earn above-average returns? What does the resource-based model suggest a firm do to earn above-average returns?
Elucidate how much the last input added to the total amount of revenue. Elucidate how much the last input added to the total amount of production.
Explain how that the balance sheet balances if these are the only assets and liabilities.
Explain how many will be hired Daily Demand for Workers in a Purely Competitive Labor also Product Markets.
An individual has an income of $1000 per month with which they buy the composite good with a price of $1 and food with a price of $2/unit of food. Draw the budget constraint for the individual with the composite good on the y-axis and food on the x-a..
Calculate the loss of economic welfare caused by the monopolistic . If some of this lost welfare would have been producer surplus, why is the monopolist willing to forgot this surplus?
Illustrate what is your opinion of the restaurateur's decisions. Would you recommend that she accept the $66,000 offer.
What happened to leontif paradox when human capital embodied in us exports was accounted for as a separate factor of production? Does this help to explain why college students might favor international trade more than those with significantly less ed..
Suppose there is a negative externality associated with wheat production. The costs that it imposes on society from water quality and soil erosion issues are estimated to be $1.50 higher per bushel than the private costs reflected in our supply funct..
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