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The KOF Index of Globalization, provided by the KOF Swiss Economic Institute, measures globalization on economic, social, and political dimensions. Provide a brief description of this index and its ranking. Specifically, what factors are considered in calculating the index? Find the most recent ranking and identify the ten countries with the lowest and highest Globalization Index. Do you notice any trends or similarities among the countries listed?
Illustrate what is the level of consumption at the equilibrium level of income. Compute the marginal propensity to save for this economy.
Future Economic Impact: At present there are a few notable industry leaders that have strong opinions on AI, its future, and its impact on humanity. Explain these opinions and critically critique them.
Consider the following cash flow. Determine the annual worth if the minimum attractive rate of return is 9% per year.
Efficiency of labour refers to the ability to achieve a greater output in a shorter time without any falling off in the quality of the work - that is to say, increase productivity per man employed. The efficiency of a country's labour force depend..
What is the most that Jo should be willing to pay the consultant for the information.
You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your “No Haggle” sales policy. Last year, your dealership earned record profits of $1.5 million. In your market, you compete against two other deal..
Discuss major fundamental shortcoming of theories of cost determination in england prior to roughly 1870, why failure.
Traditional brick and mortar retail stores are losing their customer base while their online competitors are seeing phenomenal increase in the number of customers. Examine the differences and similarities (where possible) in the two modes of retail i..
Opponents of free trade often argue that trade with other countries destroys domestic jobs; it threatens industries that are vital to national security; it inhibits the chances of a new domestic industry from surviving; and that it is only desirable ..
What are the characteristics of a monoplolistic competitive market structure? What are the characteristics of an oligopoly market structure? Why is game theory used to explain oligopoly behavior? Explain the kinked-demand theory of oigopoly? How do m..
Suppose that you are the manager of a newly formed retirement fund. You are to set up a series of semiannual payments to accumulate a sum of $1,000,000 in ten years. You assume that the appropriate interest rate for the period is 6 percent annual, co..
What changes in the organization and activities of the Federal Reserve Board would you suggest to improve its operations? Should the Fed be more or less powerful? Which of the monetary policy tools -- Open Market Operations, Discount Policy and Reser..
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