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The concept of investment in human capital and investment in financial capital and how it is useful in the context of economic growth analysis.
Clearly discuss both the negative externalities and positive externalities that result from the economic growth analysis.
Please answer thoroughly and give an example or 2
Suppose that over the course of a year 100 people are unemployed for 4 weeks each (the short-term unemployed), while 10 people are unemployed for 52 weeks each (the long-term unemployed). Approximately what percentage of the total spells of unemploym..
The economy's self-correcting mechanism tends to push the unemployment rate back to a specific rate of unemployment. How? What is the effect of supply-side inflation on the short-run Phillips curve?
Calvin’s Barber Shops, Inc. has a monopoly on barbershop services provided on the south side of Chicago because of restrictive licensing requirements, and not because of superior operating efficiency. As a monopoly, Calvin’s provides all industry out..
q. you have been hired to manage a small manufacturing facility whose cost and production data are given in the table
If the real wage can adjust to equilibrate labor supply and labor demmand, what is the real wage. In this equilibrium, illustrate what are employment, output, and the total amount earned by workers.
Goleta Brewing Company hires only two types of labor, managers and brewing assistants (denoted by M and B, respectively). GBC has the following Cobb-Douglas production function F(M,B) = m5 B5 and wants to produce 10 barrels of pale ale this week. How..
Assume the monopoly sells its goods in two different markets esparated by some distance. The demand curve in the first market is given by Q1=55-P1,and demand curve in second market is given by Q2=70-2P2.
A University wishes to create an information system for recording the results of students. When a student joins the university he or she registers on a particular course. Each student is also assigned an Advisor of Studies. Each module is assigned to..
Is there a difference between the moral hazard and principal-agent problems? If yes, explain the differences and give an example of a situation where one of them exists without the other. If there is no difference, argue this is one and the same prob..
Suppose that an investor has a choice between buying this security or purchasing a different security that also costs $ 3,000 today but pays off $3,300 with security in one year. Explain in words, how an investor’s choice of which security to purchas..
Calculate GDP loss if equilibrium level of GDP is $10,000, unemployment rate 8.8%, and the MPC is 0.75. How much money should the government spend to eliminate this GDP loss? List three reasons why the aggregate demand curve is negatively sloped (dow..
A firm has a demand equation Q=200-5P and is currently charging $2 for its product. The firm is currently maximizing profits, and its advertising elasticity of demand is .005. Determine the firm's optimal advertising-to-sales ratio. Determine the pro..
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