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Even though saving and investment in additional capital is a source of labor productivity growth, without the expansion of human capital and technological change, it would not bring sustained economic growth. Eventually growth would slow and most likely stop. Why? Explain your answer fully.
Describe the effects of a price ceiling also a price floor on a market. As for what happens with pricing is different than equilibrium, a price Floor is Minimum wage.
Use hypothetical numbers to explain. Information you need to provide include--state the product you are selling, the price of the product, the quantity of the product you produce, fixed costs, total cost, figure out total revenue, total and averag..
Are you for or against free trade Are you for or against NAFTA What is the economic basis for trade Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource difference..
Elucidate how an increase in your nominal income and a decrease in your real income might occur simultaneously.
Illustrate what are the two main challenges of the international trading system? How have these concerns been negotiated among trading partners.
Which of the following is true of regulation? 1. Regulatory agencies often ignore the secondary effects of their actions and fail to foresee future problems.
Use the production and price information in the table to calculatereal GDP for 2009, 2010, and 2011 using 2010 as thebase year.What is the growth rate of real GDP from 2009 to2010 and from 2010 to 2011?
Suppose a product sold in a competitive market is subject to a government price control. Suppose the regulated price is less than the free market equilibrium price.
Elucidate current global economic and political policies and their impact on business decisions. Apply critical thinking skills to analyze business situations
Assume you are a business person with an opportunity to make more money by meeting with competitors and fixing prices, conduct which is illegal. The authorities will not discover that the prices have been fixed. In fact, the price rise could be sm..
Consider the situation of the concept of Green energy policy and conservation. What is the issue at hand and what are they hoping to do Explain. What are the anticipated benefits of using the electric cars and the new florescent light bulbs
Please explain the reasons that we have to check "heteroskedasticity robust standard errors" when we have heteroskedasticity issue?
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