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Compaing the United States today with the United States 200 years ago, what has happened to our production of market goods and services? What has happened to our production of goods and services outside the market, such as the provision of care within families? How would our measure of GDP for 1815 change if we included non-market activities? How would our measurements of GDP in 2015 change? How would our measure of growth over the past 200 years change if we counted non-market care labor?
Steady state in a calibration of the US economy in 2000. In this problem, suppose that rate of growth of the work force is n = 0.017 and there is no exogenous technological progress.
Identify the marketplace structure of the electronics retail sales industry. Discuss possibility of short-run and long-run profits in that industry.
What was the cross-exchange rate between the Real and the Peso in 2001? Real____/Peso. What was cross-exchage rate between Real and Peso in 2002? Real_____/Peso.
an individual is considering two investment projects. project a will return a zero profit if condition are poor a
Suppose that the production of $1 million worth of steel in Canada requires $100,000 worth of taconite. Canada's normal tarrif rates for importing these goods are 20% for steel and 10% for taconite. Given this information, calculate the effective ..
Why should the govt monitor money supply? If we are in recession today, which one of the three tools of monetary policy would you suggest and why? And explain in detail how your choice of tool would help the economy?
hotel bethlehem implements a block pricing scheme for nights in a hotel room. they face inverse demandp 260 -qdthe
In short, the only difference is the exponent of At in the (final good) production function, so that now there are diminishing returns to ideas in that sector. Provide an economic interpretation for the first equation. What is the growth rate of kn..
What happens when there is a surplus of imports brought into the U.S.? Cite a specific example of a product with an import surplus, and the impact that has on the U.S. businesses and consumers involved.
Nobel Laureate Paul Samuelson said that comparative advantage is one of the few ideas in economics that is both "true and not obvious." Since it's not obvious, we should practice with it a bit. In each of the cases below, who has the absolute adva..
Assume the United States increases the tariff on automobiles imported from Germany (and other foreign countries). What is the effect of this tariff-rate increase.
For this hypothetical economy, what were the three major issues of concern in 2009 AND What is the relationship between these three variables, that is, how does one affect the other?
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