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Q1. Derive step by step the steady state level of capital and output per worker for each one of the models below: basic so low model, so low model with population growth, so low model with human capital. Use your results to get an expression for the ratio of income per worker between countries i and j for each one of these models.
Q2. Summarize in words the predictions and limitations of the theoretical framework developed for the first exam: that is the predictions for the effect of capital accumulation, population growth and human capital when explaining income difference across countries as well as differences in growth rates.
The US government could not pass its annual budget. As a result, the US government has partially shut-down: roughly about 800000 federal employees of non-essential services are out of work
What is a one invention that had good impact on the international economy and why. What were the impacts of this invention were impact good or bad.
In an effort to provide tax relief for households while still balancing the budget, Congress votes to raise business taxes and decrease personal taxes.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Which of the government policies below is not likely to encourage per capita economic growth.
China has continued to lag well behind the rest of the world in information technologies
The Performance by Patrice (PbP) Company purchased a Centaur Computer controlled manufacturing milling machine for $635,000 for use in its rear end manufacturing operations on November 8, 2007.
Movies are distributed in a variety of forms, not just first run theatrical presentations. What other ways are movies distributed. What are the different price points.
Explain why government regulation is or is not needed, citing the major reasons for government involvement in a market economy. Provide support for your explanation.
Define Mercantilism, Pick a country and talk about the products they import and export with the U.S.A. Also talk about the composition of trade with relation of abundance of the two countries
Assuming that your opportunity cost funds interest rate is 5% which refrigerator would you buy and why.
The 2001 recession ended in November 2001, but the perception of "bad economic times" lingered into 2002 and 2003. What evidence do these graphs provide concerning the lingering perception of a recession.
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