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Sources of Divergence The principal cause of extraordinary variation in output per worker between countries today are differences in their corresponding steady-state capital-ou
Explain what the natural rate of unemployment is. It is necessary here to include a solid explanation based on economic concepts. The natural rate of unemployment is the rate o
a firm has fixed costs of $60 and variable costs as indicated at the bottom of this page. complete the table and check your calculations
What would be a factor that would make the prospects hopeful for overcoming the demand for resources in the future
discuss whether marginal utility is a realistic piece of economy analysis in a consumer demand
Which of the following industries do you think are likely to exhibit large economies of scale? Explain why in each case. a. House building b. Electricity generation c. Market ga
What is inflation gap
Could I have examples of syndicated and organized oligopolies with companies as examples
Capital Gain: A capital gain is a form of profit which is earned on an investment by re-selling an asset for more than it cost to buy. Assets that can be purchased for this purpose
why constant return to scale is important
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