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The recently submerged kingdom of Atlantis is populated by identical rational air breathing individuals. The king has decided to give an award to the industry whose product yields the kingdom the most economic value.Hundreds of industries have entered the competition for the award. The finalists in the competition are the caviar and bottled air industries.Consumer expenditures on caviar last year were 10 billion shekels while expenditures on bottled air were two billion shekels. Based on this data, the caviar industry argues that the economic benefits of the caviar industry are five times that of the bottled air industry.As usual, the king is unsure of what to do nd has requested your advice. Using the tools of analysis presented in the course, which industry would recommend receive the award? Explain fully.
Understanding the International Macroeconomy, According to the Solow growth model, there are two reasons why an increase in total factor productivity leads to an increase in output. What are those two reasons?
What is the equilibrium price and quantity. Illustrate what will sales be if the price is dropped to $20.
Expalin why did not Keynesian theory provide successful solutions to the German economy where unemployment currently around 14%.
Illustrtae what does this experience suggest about the determinates of health care costs, and the long-run scope for private health insurance even with subsidy and compulsion.
Compute the expected stock price for each firm using the constant growth dividend discount model.
Why would the firm price it differently in different countries. Illustrate what do you think will happen to the price over time.
Illustrate what is the biggest economic concern for Argentina, like unemployment or population.
Explain the difference among a price floor also a price ceiling. Provide a situation in which a price ceiling may be used.
Can you please provide an example of the market where government has imposed a price ceiling or a price floor and use demand and supply analysis to elucidate the consequence on that market.
Choose five innovations associated with the Industrial Revolution and five innovations from the Technological Revolution. For each innovation, identify the effects it had on individuals, societies, businesses, and politics.
Describe what your chosen state can do to increase the supply of nurses. Include at least one appropriately cited and documented quotation to support a point.
Suppose two equally risky shares, Hi and Lo. Hi shares pay a generous dividend and offer low expected capital gains. Lo shares pay low dividends and offer high expected capital gains.
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