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Is rapid population growth a threat to economic development? Give an overview of the various ways in which population growth could affect the prospects for economic growth.
Consider the following exchange economy with two consumers and two goods. Consumer 1 has utility function u(x,y) = x1/2 y1/2 and initial endowments (ex,ey)=(1,0). Consumer 2 has utility function u(x,y) = x2 y and initial endowments (ex,ey)=(0,1).
According to the neo-classical theory of wage setting, discrimination should be gradually weeded out of the labour market. Explain why this should be the case according to that theory. Discrimination, however, seems to endure.
A company's marketing dept. obtained information from 10 of the firm's outlets. The information consists of the qty. and price of the products sold at each outlet from the distribution center.
Explain how to obtain the weighted least squares (WLS) estimate of p. What are the statistical properties of WLS estimates?
Is it legitimate to impose higher safety standards on imported goods than exist in the foreign country where the goods were produced?
tennessee just instituted a state lottery. the initial jackpot is 100000. if the first week yields no winners the
Application of simple linear regression analysis to the estimation of demand equation has yielded the following: Q = 24 - 2P. If the current product price is P=$6 and the quantity sold per time period is Q=10, then what is the error (e) for the cu..
What lessons can be derived from Boserup's analysis?
What must the jackpot be before the expected payoff
Your annual fixed costs are $50,000, marginal costs are $10 per unit, and you are producing 50,000 units per year. In the short run, what is the minimum acceptable price level before it makes economic sense to shutown
In the economic of Zip, the marginal propensity to consume is 0.8. Government expenditures on goods and services are 50 billion, and taxes are 60 billion. Zip has no exports and no imports. the government increases its expenditures on goods and ser..
Outline the audit steps that you would take to enable you to render an unqualified opinion with respect to the inventory. (You may omit consideration of tests of unit prices and clerical accuracy.)
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