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In the Solow model with population growth (n%)and with technological growth (g%), at what rate does the per capita income grow in steady state?
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Benson's established a trust fund that provides $125,000 in college scholarships each year. The trust fundearns a rate of return of 6.15 percent and...
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omic growth fifirst happen? What are the major institutional factors that form the foundation for modern economic growth? What do they have in common?...
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Identify three different sources of economic growth for a national economy. What do you think would be the most helpful thing to increase economic
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Suppose that the U. government decides to charge beer consumers a tax Before the tax, 20 billion six packs are sold every year at a price of $8 per...
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Suppose the consumption function is C = $600 billion + 0.9Y and the government wants to stimulate the economy.
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Suppose that two economies initially have the same level of real income and both suffer unanticipated declines in their sales of exports of $50...
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Do you consider the demand for marijuana to be price elastic or price inelastic? Carefully explain your answer?
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With the aid of a diagram(s) predict what would happen to the equilibrium price of marijuana if it were legalized
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Determine the trade balance between the U. and China for the period of 2005 2009. Based on the data provided, create a report in Microsoft Word...
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Do you consider the supply of marijuana to be price elastic or price inelastic. Carefully explain your answer?
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The government should always use monetary policy to combat the effect of business cycle fluctuations coming from changes in autonomous government
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The government should never use fiscal policy to combat business cycle fluctuations coming from changes in autonomous investment if it also wishes to...
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1. How can we improve in-season sales forecasting and develop a logistics system that is more responsive to demand and sales?
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a type of reproduction involving only one parent that produces genetically identical offspring by budding or by the division of a single cell or the
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There have been several mergers of large firms within oligopolies.
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A developed country has a saving rate of 28 percent and a population growth rate of 1 percent per year. Share in output is constant, and that the...
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1. Country A and country B both have the production function Y = F(K, L) = K1/2L1/2. A. Does this production function have constant returns to scale?...
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If it causes output to increase by more than 10 percent, the production function is said to exhibit increasing returns to scale.
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B) A and B satisfy the same kinds of desires (like tea and coffee), and there is a shift in tastes away from A and towards B. c) A is a normal good,...
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Business has been good for Keystone Control Systems, as indicated by the four-year growth in earnings per share. The earnings have grown from $1.00...
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Why might detailed information on the state of the balance of payments be useful to economists and to policymakers?
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Question 3 (2 points) Table 11-1 Consider the town of Tritown with only three residents, Ed, Jim, and Tony.
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line costs $900,000 now and $200,000 per year for 5 years, how much should be deposited now, to cover all these costs, with interest at 4% per year ?...
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19-12. A 5 percent increase in the price of digital apps reduces the amount of tablet devices demanded by 3 percent. What is the cross price
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I dont understand what you mean by previous pending assignments?
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How important is it to use descriptive language versus evaluative in documentation practices?
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a. Explain the role labor's productivity plays in wage determination in the competitive labor market. b. If productivity increases, what happens to
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The monthly data (1983:05-1984:10) on unit costs and production levels in the file intel.xls are associated with production of Intel's 27256 EPROM (a...
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Question) Why do economists include only final goods in measuring GDP for a particular year? Why dont they include the value of stocks and bonds sold?...
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Suppose that the average household in a state consumes 800 gallons of gasoline per year. A 20-cent gasoline tax is introduced, coupled with a $160...
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6. What are multinational corporations (MNCs) and what economic roles do they play?
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quot;Techno-pessimistsquot; like Bob Gordon believe that technology growth in the future will not be as fast as it has been in the past, resulting...
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True/False/Uncertain: Consider the model of investment in which each unit of investment costs $1. Now suppose the government offers a tax break of 5...
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Assume that a large firm buys all the farms in northern Florida and becomes the only employer of farm workers in the northern half of the state.
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How would you expect antitrust authorities to react to: A proposed merger of Ford and Generl Motors. Evidence of secret meetings by contractors to...
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In 2010, of a total of 67,000 rooms on the Las Vegas Strip, Caesars Entertainment managed 22,880, while MGM Resorts managed over 12,000.
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Recently a labor union argued that the standard of living of its members was falling.
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4. What is the effect of a 50% income tax on Jims budget line and opportunity set?
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Bill Gates' recent purchase of a new Rolls-Royce automobile produced in Great Britain will: decrease Great Britain's GDP. increase the gross domestic...
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A horizontal aggregate supply curve indicates that equilibrium real GDP is determined by aggregate supply. True False Foreign aid usually consists of...
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According to economists, the fixed-price model of macroeconomic equilibrium depicts the modern economy most closely because it assumes that aggregate...
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If foreign income falls, there will be _____.
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A composite currency whose value is the average of the values of the U. dollar, the Japanese yen, the euro, and the British pound is known as a:...
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A decrease in the discount rate: leads to an increase in the interbank rate charged by commercial banks. increases reserve holdings of the commercial...
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If an increase in inflation is expected, which of the following events is the least likely to occur?
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An excess demand for money will result in all the following, except : a rise in investment spending. a fall in consumption spending. a fall in...
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2. What are the arguments for using real per capita G NI to compare living standards between countries? What weakness does this measure have?
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Assume current equilibrium output is $6,000 billion amp; the MPC = 0.8. If investment expenditures increase by $10 billion, what is the new
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QUESTION 6 The table given below reports the sales value at each stage of production of the soft drink, Pepsi. Table 5.3 Production Stage Sales Value...
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