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Supposed that two nation start out in 2013 with identical levels of output per work hour – say, $100 per hour. In the first nation, labor productivity grows by 1 percent per year. In the second, it grows by 2 percent per year. Use a calculate or spreadsheet to determine how much output per hour each nation will be producing 20 years later, assuming that labor productivity growth rates do not change. The, determine how much each will be producing per hour 100 years later. What do your results tell you about the effect of small differences in productivity growth rates?
What are some examples, other than those given in the chapter of technological change that has caused unemployment? And what are some examples of new technologies that have created jobs? How do you think you might measure the net impact of technological change on overall employment and GDP in the United States?
question 1. pick a country and talk about the products they import and export with the u.s.a. also talk about the
Identify the four major tools of monetary policy. Describe how a change in the Fed’s major policy tools leads to [1] expansionary and [2] restrictive or contraction monetary policies.
Explain and illustrate how each of these events would affect aggregate demand, aggregate supply, and prices, then explain how you would respond with economic policies.
Suppose that a monopolist's product could be either high quality (H) or low quality (L).
How would quantity demanded and the price of this product be measured? Explain the relationship between the individual consumers’ demand and the market demand
Should the CEO at Plain Truth cancel the audit and rely on a brief year-end summary from each sales account manager? Why?
q1. consider a firm as we did in the notes that maximizes it profits by selecting how many workers and how much capital
q1. why might a company use an indirect cost discrimination scheme versus direct cost discrimination?q2. starting with
Indicate whether each of the following statements is true or false. Explain why. a. When the law of diminishing returns takes effect, a firm’s average product will start to decrease
Describe the balance of fixed and variable costs for the organization. How can the organization use technology to change this balance for an advantage.
Justify your answer using at least two analytical techniques and presenting the information graphically.
Analyze the current health care delivery structure in your state (Tennessee). Compare and contrast the major determinants of healthcare market power. Analyze the main competitive forces in the your healthcare delivery system in your state.
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