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Write a short essay evaluating the U.S. economy in terms of each of the six determinants of average labor productivity discussed in the text. Are there any areas in which the United States is exceptionally strong, relative to other countries? Areas where the United States is less strong than some other countries? Illustrate your arguments with numbers from the Statistical Abstract of the United States (available online at www.census.gov/compendia/statab/) and other sources, as appropriate.
begin to think like an economist and analyze what accounts for the GDP numbers of the U.S. China, India, and Turkey. That is, which one of the four components of GDP did you find in your research accounts for the growth rates of these nations? Als..
Y = C + I + G C = a + bYd G = Go I is not equal to f (Y) i.e., MPI = 0 Tx = Txo Given S = -25 + 0.2Yd, a $10 billion increase in government spending will bring about how many dollars in induced changes in investment
Stiglitz also argues that the IMF as another agenda besides its stated agenda of promoting stability and growth in LDCs. What does he mean by this? What, according to Stiglitz is the IMF's other agenda?
Steel is labor intensive and rice is land intensive. According to the long run Heckscher-Ohlin model what happens when these two countries move frome no trade to free trade? Wages in France's rice industry? Wages in France's steel industry?
essay on Research how the value of Chinese currency is determined and what political pressures are being placed on the Chinese government to change their method of determining their currency's value.
If demand in the United States is given by Q1 = 7,200 - 300p1, where p1 is the price in the United States, and if the demand in England is given by Q2 = 3,600 - 200p2, where p2 is the price in England.
Illustrate your answer by an appropriate diagram, applying your knowledge of the Specific-Factors model.
1. why a change in the real exchange rate changes a country's net exports. 2. why trade deficits tend to move to zero over time. 3. how foreign prices affect domestic prices. 4. the determination of the real exchange rate.
Discuss why does the value of output always equal the income received through the resources that manufactured the output?
Suppose if airline industry was operating under other market structures, how would equilibrium price and quantity differ? Would it be higher, lower, or same?
Over the course of the past year, the price of internet services has risen to $4, but the price of books has remained the same. The government has decided provide this student with additional money to compensate for the higher price of internet ser..
The G-20 issued a statement Saturday indicating creating nations we unlikely to back off their demands that created nations do away with subsides and tariff barriers from their farm products.
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