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Choose two countries one with a high GDP per capita and one with a low GDP per capita. Then choose one of the development indicators we discussed in class and find data on the internet describing the GDP per capita and the indicator you choose. Compare the data from both countries; what are interesting changes over time? Were these statistics and trends what you expected when you choose countries? Then discuss how GDP per capita and the indicator you choose are useful for different information using the data you've found.
Elucidate do labor unions have a role to play today. How important is this role.
Calculate the marginal product of labor, at what point does diminishing returns set in, calculate the average product of labor and find the three stages of production
Disclose what the book suggests once the short-term rate is much cheaper than the long-term in interest rate. Substantiate whether or not that is a normal occurrence or a cause for alarm.
Economists argue that successful business depends on creating sustainable and effective supply and demand networks. If you own (manage) a business, how do you create effective demand and effective supply to maximize profit?
What are the FC, ATC, AFC, AVC and MC at these output levels?
mos eisley cantina is the only tavern in a small remote planet. demand at moss is qd 880 - 200p while the daily total
Assume that tuition prices suddenly go up 20 percent. What impact will this single price increase have on the CPI.
How many units of housing would the government have to increase the supply of housing /in order to get the market equilibrium rental price to fall to $1500 per month? To $1000 per month? To $500 per month?
The supply is simply the sum of the marginal cost curves of all the firms in the industry. Suppose that all the competitive firms collude to form one single monopoly firm. (Collusion changes neith the demand nor the cost conditions in the industry..
Explain what happens to consumer, producer, and total surplus when a firm is able to use price discrimination effectively?
The key feature of the production function is that the marginal impact of capital per worker k = K/L on Y/L decreases as K/L increases.
Discuss the criteria that might be applied in determining if a court should uphold a state's expropriation order or nationalization of private property. Cite to any international case that is relevant. Is there an" American counterpart" case in th..
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