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Over the past 30 years, health care expenditure in the U.S. grew at an average rate of 3.7% per year plus the rate of inflation, while expenditure on all other goods grew only 1% per year plus the rate of inflation. What seem to be the main reasons why expenditure on health care in the U.S. rose so much faster than expenditure on all other goods?
Explain the equilibrium price will remain unchanged, smokers will consume the same number of cigarettes. Do you agree or disagree with this view.
Construct a contingency table by using the following information: 89% entrepreneurs by choice. 11% entrepreneurs by necessity
Elucidate how and why the unemployment rate fluctuates with the inflation rate as is depicted in the Short-Run Phillips Curve.
operate his business as long as he rents at least 7 boats per month, operate his business as long as he rents at least 1 boat per month, operate his business as long as he rents all 10 boats each month.
The factory operation creates smoke that affects nearby homeowners, causing respiratory ailments and similar problems.
show which own-price elasticity of Rohan's Marshallian demand for any good is independent of his income. To show that the income elasticity of his Marshallian demand for any good is equal to 1.
Businesses large and small now compete in a truly global economy. To be successful in another country it is essential to understand and appreciate the cultural differences that exist. Business practices and ideas that work well here in the
What can you say about the level of the real interest rate if people instead are risk averse.
What is the difference between a change in the quantity supplied and a shift in the supply curve.
Consider a perfectly competitive market. Analyze and explain in detail using graphical tools to show what you expect to happen to number of firms and firm profitability in the short run and long run.
Describe whether Indian Consumer goods industry is growing at the cost of future profitability.
By what percentage do the total assets decline by bank. By what percentage does the bank's capital decline. Illustrate which change is larger.
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