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Q1. A Growth at a rate of 2.5% may seem slow but this means a country GDP will double within 28 years. 100 (1+0.025)^28 = 200 if the growth rate is 3% then the economy will double its production within 24 years. Calculate the economic growth rate? Also, Do economies converge?
Q2. Indentify firms that periodically shut down their operations. What are the conditions that exist when they shut down their operations and the conditions that exist when they resume their operations.
Each station's objective is to maximize its viewing audience, in order to maximize the station advertising revenue.
Select the most serious disadvantage of globalization (in your opinion) and make at least one recommendation
Define Mercantilism, Pick a country and talk about the products they import and export with the U.S.A. Also talk about the composition of trade with relation of abundance of the two countries
The United States is experiencing a recession and Congress decides to adopt an expansionary fiscal policy to stimulate the economy.
Assume an endogenous growth model with labour augmenting technology.
Price elasticity of demand is 1.5 and a firm raises its price by 20 percent the quantity sold by the firm will ceteris paribus.
Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
Someone proposes to buy the farm from you for $1 million. Would you make more by selling the farm or keeping it
To build trust among virtual team members, managers should Deep-six the egos
What are the factors that affect pay differentials? How does each factor increase or decrease relative wages?
The biggest difference between Microsoft and software retailers is the market structure in which they operate.
Store maximizes profits and the price elasticity of demand for milk is -2 for coupon users, what is the price elasticity of demand for non-users.
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