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1. If countries are first ranked by level or real GDP per capita, and then by the value of the Human Development Index, would you expect the ranking of countries to be similar or different? Explain
2. Shocks to an economy, such as wars, famines, or the unification of two economies. often generate large one-time flows of workers across borders. What are the short-run and long-run effects on an economy of a one-time permanent increase in the stock of labor? Use a diagram to guide your arguments.
3. Describe one important criticism of Rostow's stages of economic growth theory.
Consumers can make costly mistakes when not enough information is available. Which of the following represents a market solution to obtaining costly information?
The international unit of accounting used by the International Monetary Fund (IMF) is called, A multinational agency that specializes solely in making loans to promote long-term development and growth in developing countries is the
Merchant banking refers to:Banking services that are only available to retail merchants.Banking services that are only available to business but not the general public.
assume that the last worker hired of type a serves 100 additional customers per week at a wage of 500 per week and the
What are procyclical industries? Countercyclical industries?
The recurrent ups and downs in the level of economic activity extending over several years are referred to as business cycles. What are the phases of this cycle and describe what occurs in each phase?
Identify an economic issue that is important in community and show the issue affects your community
What is the initial point of the long-run macroeconomic equilibrium? What are the equilibrium values? What does the appearance of the long-run aggregate-supply
What is the most likely component of aggregate demand to start a recession? How does the aggregate demand multiplier influence a recession?
What are all the issues here that should be considered by the Chamber's president,
make a list of products and services which are least satisfactory and have shown the least improvement over time. how
north bend currently has one mcdonalds fast-food franchise. demand for hamburgers in north bend is givenby q 300 -
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