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Richland’s real GDP per person is $10,000, and Poorland’s real GDP per person is $5,000. However, Richland’s real GDP per person is growing at 1 percent per year, and Poorland’s is growing at 3 percent per year. Compare real GDP per person in the two countries after 10 years and after 20 years. Approximately how many years will it take Poorland to catch up to Richland?
Where there currently is a tariff. What is the effect of this tariff on the U.S. economy.
The cost of delay is an important expense to consider when redesigning a procedure. In addition, there is uncertainty in identifying future needs and new procedure that the space will need too accommodate.
Illustrate what price should firm charge to realize targeted profit. Illustrate what would be its (cost-based) mark-up ratio.
Suppose that the government is debating whether to spend $100 billion today to address climate change.
We want to determine if the training program was effective. Compute the test statistic. At 95% confidence, test the hypotheses. That is, did the training program actually increase the production rates?
Illustrate what is the basic objective of monetary policy. What are the major strengths of monetary policy.
Which leads to higher interest rates, which leads to higher output? Which leads to higher inflation? Which represents a more hawkish Fed? Which represents a more dovish Fed?
Suppose the government is considering the imposition of a unit tax to be levied on beer producers. The view of companies is that this is just one more cost for them to bear.
Economic laws are established in order to make successful prediction of the outcome of human action.
Illustrate what new decisions will you make regarding production levels and pricing for your Widget facility.
q. in 1976 the parents of a seven year old boy sued a new york hospital for 3.5 million. the boy was blinded shortly
many supply shipments to retailers are interrupted during a natural disaster. Assuming that the law is strictly enforced, illustrate what are the economic effects of the price gouging statue.
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