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Relation between Productivity Growth and Inflation
Suppose worker productivity increased at the rate of 1.9% per year. If the labor force grew by 1.5% per year, what rate of increase in RGDP would be sustainable without increasing inflation pressures?
Pamela Sue, proprietor of Heartland Supermarkets which would like to raise her current sales of corn from 250 bushels per week to 500 bushels per week.
If the indurtry can pay only one of the six salary levels shown, which should it choose? How many workers will it employ?
What is the opportunity cost of going to a doctor to be examined for skin cancer? Would eliminating research reduce or increase the cost of U.S. health care?
Describe why the demand curve facing a monopolist is less elastic than one facing a firm that operates in a monopolistically competitive market.
What are some of the positive externalities of education? Why may higher education offer fewer positive externalities than primary or secondary education?
Illustrate what is the impact of these ratios on the level of new money that can be created given a $100,000 cash deposit into the banking system.
Airway Express has evening flight from Los Angeles to New York with average of 80 passengers and return flight the next afternoon with average of 50 passengers. Should the airline remain in business?
how percapita income fiscal policy laws local economies and census data affect the ability to fund governmental functions.
Assume an economy's real GDP is $30,000 in year 1 and $31,200 in year 2. What is the growth rate of its real GDP?
Make an example of a comparative advantage model by 'choosing two countries and two products.
You are the manager of an organization in America that distributes blood to hospitals in all 50 states and the District of Columbia.
The table below shows the marginal utility a costumer would get by purchasing various quantities-What combination of the three products should be purchased in order to maximize utility?
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