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In many Sub-Saharan African countries, girls have lower enrollment rates in secondary schools than do boys. If government policy can provide good schools and encourage girls to take advantage of them,
a. describe two ways in which greater education opportunities for girls could lead to faster economic growth.
b. explain what will happen to potential GDP.
c. explain what will happen to employment. The unemployment levels will decrease since there would be a larger working population.
d. explain what will happen to real wage rate The real wage would decrease since there would be a larger working population. The real wage would increase as productivity increases.
The Millennium Development Goals aims were to be achieved by 2015. A few will be met; many others will not. In either case despite great progress, poverty will remain a serious ongoing concern.
A company produces output with a constant marginal cost MC = 2. Its output is consumed by two types of customers a and b, with demand functions
Determine absolute advantage and comparative advantage and explain why will resources specialize according to their comparative advantages?
What is the contribution of the growth of total factor productivity growth (dA/A) to that growth? What is the contribution of a faster rate of capital growth compared to labor force growth α[dK/K - dL/L] to increases in Y/L?
Explain why might the unemployment rate tend to actually underestimate the unemployment problem, especially during a recession.
Explain why the authors cite ethnically segmented markets as a factor that holds back private sector development and building entrepreneurial capacity.
You are trying to decide whether to buy some laptop computers for your business in either Canada or in United States. Looking at identical machines on the Dell Canada and the Dell US web sites, you find that they sell for US $2000 (US dollars) in ..
An economy can be stimulated by printing more money. Illustrate what are the dangers of doing that. Inflation can be decreased by reducing the money supply.
Illustrate and explain the interaction of households, businesses, government and global markets in the circular flow of economic activity.
Explain how are people worse off when the price level rises as fast as their incomes
Answer the next three questions on the basis of the following production possibilies data for Francia and Galacia. All data are in tons.
Illustrate what is the difference between a movement along and shift of the demand curve and supply curve. How does a surplus or a shortage of a good or service affect the market price.
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