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Although economists speak as if economic growth is necessarily a good thing (your author not excluded), many question the sustainability and even the morality of ever increasing economic growth. Certainly we can nod to the idea that economic growth needs to keep up with population growth to maintain our current standard of living. However, does growth in excess of population growth increase well-being. A way to consider this is whether you are "happier," not whether you have more and better stuff, than your great-grand parents were? Some argue no and say that excess growth might even be construed as materialistic and immoral. Others argue that the pursuit of growth is depleting the earth's scarce non-renewable resources. What do you think?
Write an essay to explain in details macroeconomics balance as a basic concept of modern economics.
The time for a new instructor to create a Blackboard test question and check it out is 219 minutes. Determine the time in minutes or fraction thereof for him to create the 39th question if the average coefficient of learning is 0.77.
With some services, e.g., checking accounts, phone service, or pay TV, consumers choose between two or more payment plans. One can either pay a high entry fee and get a low price per unit of the service or pay a low entry fee and a high price per uni..
The manager of a local movie theater believes that demand for a film depends on when the movie is shown. Early moviegoers who go to films before 5 pm are more sensitive to price than are evening moviegoers. Write down the aggregate demand function an..
"The current chairperson of the FED is Janet Yelling and she oversees an entity that is strongly influenced by politics and politicians." Do you agree? Why or why not? Be specific and limit your response to one paragraph..
The U.S. market for hand sanitizer is controlled by a monopoly (firm I, for incumbent) that has a total cost given by TC(qi) = 0.025qi^2. The market demand for hand sanitizer is given by P = 50 – 0.1Q. What are the incumbent’s profits if it commits t..
Suppose you have three indivisible assets, A, B and C with internal rates of return 2%, 5% and 10% respectively and initial costs of $1, $3, $3. Suppose you have $4 at 1% and can borrow at 12%. Which assets do buy?
Discuss the characteristics of law that are consistent with: A. Mill’s Principle and Libertarianism B. Paternalism C. Libertarian Paternalism D. Asymmetric Paternalism
You operate in a duopoly in which you and a rival must simultaneously decide what price to advertise in the weekly newspaper. If you each charge a low price, you each earn zero profits. If you each charge a high price, you each earn profits of $3. Fi..
The Able Corporation is considering the installation of a small electronic testing device for use in conjunction with a government contract the firm has just won. Assume that Able pays 40% federal and state corporate income taxes and uses 8% after-ta..
Suppose that you have a business in which you hire five workers, to whom you pay $4 an hour. Suppose further that you have overhead costs of $100 a day and that you pay $1 in materials cost fo each item that your business manufactures. Assuming that ..
Happiness surveys seem to indicate that at any given moment in time those with higher income, on average, report higher levels of happiness than those with lower income. Over time, nevertheless, as societies increase their real per capita income, ave..
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