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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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which of the following is true about capital goods?
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696.7 is the intercept of the regression line. It determines the overall level of the line. B. The standard error of the regression (SER) is 624.1.
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If the government increased its purchases of goods and services by $12,000, and this resulted in an eventual increase in GDP and income of $60,000,...
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When US assets are more attractive to foreign investors, what happens to the demand for dollars vs demand for a foreign currency?
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The 95% confidence interval does not include Iii.
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12.96. Ii. Is there statistically significant evidence that the prep course helped?
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If the multiplier = 2.5, the MPS would be a)0.25 b)0.40 c)0.60 d) 0.75 If the MPS = 0.2, the multiplier would be A) 0.5. B) 1. C) 2. D) 5. what
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If the government increases its purchases of goods and services by $3,000 and the MPC is 0.
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b.Non linear relationshipEstimate a logarithmic form of the demand function.Is the estimated demand function ‘good’? Explain your answer.(15)(15) (TOTAL : 30)Identify the dependent and independent
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A student organization is formed on your college campus to protest against the high rent prices for apartments near campus.
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Trends in long-term economic growth:
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in global health? If you had to pick an issue that could offer deliverable changes through education in global health, which would you choose and why?...
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Estimate a logarithmic form of the demand function.
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Show the change in the market for building materials that is consistent with the following statement: "When there is a coup in a country rich in iron...
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Explain how you might use an out of sample criteria to determine the best model.
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How would you compare some of the socio economic consequences of opium that led to social and legislative movements in 19 th Century England to
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