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Question: Investigate the factors behind economic growth in Hong Kong and Singapore; determine the two factors that affect economic growth are capital deepening and technological progress.Which of these methods of encouraging growth would you suggest to a newly industrialized economy?
Discuss and explain the features of the Danish economy and why the Danes overwhelmingly support globalization and job outsourcing.
In economics, demand for a product is considered downward sloping. This implies that quantity demanded rise when price reduce.
Draw a current budget constraint for an assumed single mother (net of child care costs) who loves leisure. Draw the new constraint. Discuss the likely effects on labor force participation and hours of work.
If deficit spending -crowds out some private investment, could future generations become worse off? If external financing eliminates crowding out, are future generations thereby protected?
Life insurance companies require applicants to submit to a physical examination as proof of insurability prior to issuing standard life insurance policies.
Illustrate what has been, also what will be, the short run and long run impact of the Federal fiscal policy which has been followed in the past few years.
Suppose that government purchases reduce by $10 billion, with other factors held constant. Compute the change in the level of real GDP demanded for each of the following values of the MPC.
Fed Chairman Ben Bernanke finally confess that the Fed has been printing more new currency over last some months to help stimulate the economy and more recently noted economy may not yet be out of woods,
Sun City, Arizona, a retirement community that features full service living arrangements, is planning two proposals to provide lawn care to elderly residents.
Elucidate how these economic concepts can be used to address the firm's problems and opportunities.
Elucidate how does each challenge the other and improve on previous work.
Explain why do some economists argue that reduction in the rate of taxation and capital gains can actually increase tax revenue collected from such gains.
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