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Assume that a "leader country" has real GDP per capita of $40,000, whereas a "follower country" has real GDP per capita of $20,000. Next suppose that the growth of real GDP per capita falls to zero percent in the leader country and rises to 2 percent in the follower country. If these rates continue for long periods of time, how many years will it take for the follower country to catch up to the living standard of the leader country?
need a five page paper on an economic topic from the wall street journal using apa format. the paper needs to include
Suppose You are a manager of a small US company that sells nails in a competitive market the nails are a standardized commodity,
Next, consider the follwoing three scenarios and to describe the likely effects of an activist policy in both the short and long run.
Find out what quantity of the book Warm fuzzy should print, and what price it should charge in order to maximize profit.
Evaluate the range of marginal revenues
Illustrate what effort does the principal want to induce when effort is not observable. Illustrate what is the optimal contract for the principal.
Assume if you scale up every price and nominal income in the same positive proportion Elucidate why this is true.
After a given time period, due to investment and technological advances, which cost the monopolist an increase in TFC, results in a cost of production decrease to ATC2 and its corresponding supply to MC2.
Suppose that market forces of supply and demand interact in a market to determine an equilibrium price. Explain or describe how the determination of this price might serve to determine which firms might actually participate in this market. Explain fu..
Microeconomics is considered to be the study of scarce resources. Elucidate the three trade-offs within a specific good/service within your local area.
Elucidate three arious ways in which the Federal Reserve would change the money supply.
Does farming in the United States have the characteristics of perfect competition? How does perfect competition in the farming industry help farmers and consumers? or Hurt farmers and consumers?
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