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What should be the decent/appropriate growth rate in any country?
Answer: A growth rate of among 2-3% is considered normal for mature developed countries; for LICs, 5-7% is considered healthy and 7%+ is excellent.
What is Game Theory? Game Theory is a mathematical method of decision-making in which a competitive situation is examined to verify the optimal course of action for an interes
1. Nonwage Determinants of Labor Supply Suppose that two jobs are exactly the same except that one is performed in an air-conditioned workplace. How could you measure the value wor
Former communist economies which is, with varying degrees of enthusiasm and have embraced CAPITALISM.
Suppose scientists discover that eating soybeans prevents cancer and heart disease
using necessary and sufficient condition explain consumer surplus diagrammically and mathematically?
a reduction in investment spending would lead to
3.Cost Minimization for Cobb-Douglas. Suppose the Acme Gumball Company has the produc- tion function of q=LK. Given that the MPL=K, MPK=L and MRT S=MPL/MPK. Part a-b, we are anal
exams?
Definition of Pareto Optimal Allocation
Determine the Business Cycle and Classical Economists Business Cycle: The business cycle is the fluctuations in the rate of economic growth that take place in the economy. Th
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