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Progress that meets the needs of the present without compromising the ability of future generations to meet their own needs is
a. the tragedy of commons.
b. sustainable development.
c. net primary productivity (NPP).
d. the impossibility theorem.
Which county has an absolute advantage in the production of fruit? Timber?
Assume as a professional economist debate about the wisdom of pursuing discretionary fiscal policy.
In the United States, the capital share of GDP is about 3 percent, the average growth in output is about 3 percent per year, the depreciation rate is about 4 percent per year, and the capital-output ratio is about 2.5. Suppose that the production ..
If the market for unskilled labor is highly competitive, what would a minimum wage legislation do to their level of employment? What remedies do you propose if the market fails to provide adequate income?
Suppose government spending increases. Would the effect on aggregate demand be larger if the Federal Reserve held the money supply constant in response or if the Fed were committed to maintaining a fixed interest rate? Explain.
Use concepts that you have learned throughout the semester, such as consumer and producer surplus, scarcity, and how companies decide where to price products and how much to produce, and how we as consumers decide at what price we will purchase a ..
1. increases in resources or improvements in technology will tend to cause a societys production possibilities curve to
For each applicant, the HR manager gathers information by trying to verify various claims on resumes, but some doubt about fit always lingers when a decision to hire or not is to be made. What are the Type I and II decision error costs? Which deci..
The complete lung-run model for exchange rate determination posits that changes in the nominal interest rate also affect the exchange rate (E). Recall that the complete model combines the QTM, PPP and the Fisher effect. The simple lung-run version..
using the utility functionu x y xgamma ygamma 0 lt gamma lt 1a find income and substitution effects.b does the
The table below reports some labor market figures for a hypothetical country, Blefuscu in 2005. Assume that there are only two types of employment: full time and part time. Everyone who is not employed is unemployed. Calculate the Labor force part..
What is the comparison and contrast of the "life cycle" hypothesis and "permanent income" hypothesis and their respective implications for inequality in the income distribution?
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