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1. The GI Bill provided educational opportunities to many young men returning from military service. Using a production possibilities curve, demonstrate how the GI Bill affected economic growth and explain your answer.
2. Why is China still poor in per capita terms despite having the second-largest economy in the world in terms of real GDP?
3. Does the political freedom existing in democracies always aid economic grow
4. What is the relationship between savings, capital formation, and consumption?
5. According to Malthus, how do economic growth and population relate to each other?
The can industry is composed of two firms. Suppose that the demand curve for cans is P=100-Q where P is the price (in cents) of a can and Q is the quantity demanded (in millions per month) of cans. What are the price and output if managers set price ..
For each of the following, state whether it is considered money in the United States. Explain why or why not. The available credit you have on your Master Card. Federal Reserve notes in your wallet. Reserves held by banks at the Federal Reserve Bank.
PART TWO: THE LABOR MARKET Portray graphically the outcomes of before and after the imposition of minimum wage in the following TWO hiring scenarios of Kellogg’s firm. Label the wage paid by Firm B before minimum wage imposition as WB1 and wage paid ..
For the next two questions we will consider Rimor Bank, which has the following (partial) list of accounts on its balance sheet: Calculate the maximum amount of new money that Rimor Bank can create, by itself.
The market demand for labor curve is correctly described by which of the following
Provider A charges $120 per month for the service regardless of the number of phone calls made.
To make a proper stop and frisk, a police officer may obtain the necessary information from:
Let X ∈ [0, 10] and y = f(x) = cx with c > 0. What is the slope of f(x)? Is it constant or it depends on x? What is the value of f(x) when x = 3?
In August 1994, a Mexican peso was worth 30 cents. A year later, it was worth only 16 cents since the political turmoil substantially increased the risk premium on Mexican assets. Using the Mundell-Fleming model,
As an analyst at the Treasury Department, you have been asked to predict the behavior of key macroeconomic variables for different scenarios on the state of policy between the US and Europe.
Discuss the strategy at HK Disneyland in the context of standardization versus differentiation of attractions.
When talking about aggregate supply, it is necessary to
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