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From one year to the next, a country's output rose from 4000 to 4500, its capital stock rose from 10,000 to 12,000, and its labor force declined from 2000 to 1750. Suppose aK = 0.3 and aN = 0.7. How much did productivity contribute to economic growth over the year?
Mining is proposed for a wilderness area that provides two benefits: recreation (due to backpacking opportunities) and biodiversity (there are endangered wildlife and plants). Which discount rate makes the best case for mining? What is the present va..
What institutions are prerequisite for economic growth? What is the role of rule of law in economic development?
For each year from 2006 to 2009, calculate the dividend yield, the capital gains yields, and the total return to the stock. Express your calculations in percentage terms.
As the mayor of a local town, I have the power to repeal workplace safety laws. How would repealing all workplace safety laws affect the wages of construction workers building the local school?
Though your answer needs to be correct in terms of economic theory (so be sure to read the assigned chapters), creativity and having fun with it is strongly encouraged.
The student then writes a summary of each article, followed by a comment on each one. The summary should demonstrate that the student understood the article as written, without any evaluation or opinion whatsoever.
Illustrate what is the present worth of the planned expenditures at an interst rate of 10% per year.
q.1. an investor buys a property for 1 million with 40 of the purchase price attributable to the land and the balance
What would be true of entitlement spending if the percentage of taxes allocated to discretionary spending rose to 100 percent and the federal budget was balanced? How would entitlement spending be funded if tax revenues just covered discretionary spe..
q. as ceo of firm a you and your management team face the decision of whether to undertake a 200 million rampd effort
Describe the long-run effects of patent expiration on prices, output and profit in a monopolistic industry.
No less than 1000 words (excluding the title page, bibliography and appendices). Question 1. A Study into the Key Principles of Economics.
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