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Extensive growth is driven by
A) very high savings rates.
B) rapid capital accumulation.
C) improved multifactor productivity.
D) A and B.
E) all of the above.
Economies grow for a variety of reasons. Which of the following is not a primary cause of economic growth?
A consumer buys only two goods, X & Y. a) If the MRS between X and Y is 2 and the marginal utility of X is 20, what is the marginal utility of Y?
What output will firm choose. What will be monopolistic competitor's average fixed cost at output it chooses.
illustrate why lower taxes in the current period but higher taxes in the future may make some consumers better off.
Explain the potential role that the DOJ's leniency program might have on prosecutions and incentives for price fixing.
When the government imposes a price floor above the market price, the result will be that:
If one country has per capita income of $15, 000 and its economic growth rate is 5 percent per year, what will its per capita income be in 10 years? About how many years will it take to catch up to a country where the per capita income is $30, 000 pe..
q.sometimes a bidder on a work contract may bid lower than what would maximize hisher profit from the contract and the
Each customer purchases their smoothie at the store where the total cost, i.e. price of smoothie plus travel cost, is the lowest.
The settlement requires KopyKat to pay the employee $10,000 per month for the next year. Determine the optimal price and output for the firm under these new conditions.
With increased access to wireless technology and lighter weight, the demand for laptop computers has increased substantially. Laptops have also become easier and cheaper to produce as new technology has come online. Despite the shift of demand, pr..
Due to monetary policy and fiscal policy intervention by the Federal Government since the 1950s business cycles
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