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In 1975 and 2009, China's GDP per capita grew at an average rate of 7.9% per year whereas GDP per capita in United States grew at an average rate of 1.8%. In 2009, U.S. GDP per capita was $41, 099 and Chinese GDP per capita was $7, 634. Assuming that the two countries continue to grow at these rates, in what year will China overtake the United States in terms of GDP per capita?
George Kennan’s Long Telegram/Mr. X article. What is the post-war Soviet outlook? What are the sources of this outlook? What are the practical policies that emerge out of this outlook? What should the US do in light of Soviet policy/outlook?
What makes a social science explanation different from methodological individualism? How would social scientists explain why American men wear short hair, while women wear their hair long? How would a methodological individualist explain this?
Choose the 10-year period of history between 1950 and today that you are going to research. What is it about this period of history that interests you? What are some major economic events that took place during this period?
According to The Wall Street Journal, Mitsubishi Motors recently announced a major restructuring plan in an attempt to reverse declining global sales. Suppose that as part of the restructuring plan Mitsubishi conducts an analysis of how labor and cap..
Discuss with your classmates the economic effects of the healthcare legislation (Affordable Care Act) recently passed by Congress. You don't have to do a lot of research, but do Google "Affordable Care Act" and look at some major provisions and discu..
Outline any two reasons, why the marginal revenue product differs between workers in different jobs.
As a training consultant explain the importance of training in these three areas. 1) legal requirements 2)diversity 3) employee personal growth. Demonstrate the importance of the topics to the organization and as an individual. describe the major com..
Where does this short-run aggregate supply curve intersect the long-run aggregate supply curve that you drew? Just need an explanation of what it woudl look like?
CPS Investment Services must develop an investment portfolio for a new client. CPS is considering six investment plans of three different types for this client. The client is interested to invest $80,000. To minimize the risk in investment, it is the..
What would happen to the position of the demand curve for dental services if patients had to wait even longer for an appointment with a dentist.
The revenue function R(x) and the cost function C(x) for a particular product are given. these functions are valid only for the specified range of values. Find the number of units that must be produced to break even. R(x) = 200x - x^2; C(x) = 10x + 7..
There are two firms in an in an industry. Let q1 and q2 be the two firms in an industry and Q= q1 + q2 be the total output. The inverse demand in the industry if P (Q)= 45 – Q. The cost function for each firm is C(qi) = 9qi. Assume oligopolistic comp..
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