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True or false
1. Service sector outputs could be expected to increase in price less than industrial sector outputs as an economy grows.
2. Labor productivity rises as the amount of capital available to workers increases.
3. A superior level of technology is an important reason the productivity of workers in rich countries is high.
4. A nation's capital consists mainly of stocks, bonds, and other financial assets.
5. Because it is a market economy, in the United States all research and development is done by private business firms.
identify an instance where a price control is used in our markets. why do you think this price control exists? also
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Presume that the economy has the following production function: Y/L = 8*(K/L) 0.5. Further suppose that s = 0.2, gL = 0.3, and δ = 0.1. What is the value of the steady state capital-to-labor ratio?
john doe has developed a financial retirement strategy. his plan is to invest in somewhat risky stocks for 15 years
compare and contrast the two companies in terms of their use of business analytics to improve their position in the
1.the following table reports the consumer price index for the los angeles area on a monthly basis from january 1998 to
The output effect of an increase in the wage comes about because higher wages:
answer the next question on the basis of the following production possibilities data for landia and scandia landia
Why are banks currently keeping large quantities of excess reserves? What are the monetary policy implications of banks keeping large quantities of excess reserves? In particular how does it change the efficacy of open market operations?
Plot the average cost, average variable cost, marginal cost, and price on a graph
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Compute the industry prices necessary to induce short-run quantities supplied by the firm of 5,000, 10,000, 15,000 tons of sweet peas. Assume that MC>AVC at every point along the firm's marginal cost curve and that total costs include a normal pro..
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