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Derive conditions for steady state in an economy. what is the significance of decreasing returns in the solow model?
The rate of stockturn for Company T in the year 2006 was 12.5. At the start of that year the company held stock to the value of $327,950, and at the end of that year the value of stock held was $300,450. Calculate the net purchases of Company T fo..
All stratified societies have groups of individuals that do not produce, but still receive a ‘cut' of the social surplus. How does Diamond (in his book) argue that these ‘privileged' individuals manage to convince productive members of society to ..
ECON 421: Problem Set. Assume that the game represented is played for infinite periods, with discount factor δ ∈ [0, 1). When can the cooperative outcome (C, C) be sustained via grim-trigger strategy profile? Draw the set of feasible and individually..
A student's senior year in college will cost $80,000 in lost earnings and direct expenses. Then, for the first two years after graduation the student will earn $100,000 and $200,000. Alternatively, the individual can earn $50,000 for what would ha..
What are the three types of unemployment? Unemployment is seen by some as undesirable. Are all three types of unemployment undesirable? Could the advent of the Internet completely eliminate frictional unemployment?
In a 3 to 4 page essay, How did the Wagner Act (National Labor Relations Act) affect the Growth of Organized Labor? Were there economic affects and did it have an affect on the organization of industrial relations and unions
is the current monetary policy expansionary or contractionary? give your reasons for your answer.why has the federal
What were the merits of Murphy's position in this case? Was the State liable for delays resulting from the adverse weather as contended by the contractor in this case?
A six-year, $10,000 CD pays 6 percent interest annually and has a 6 percent yield to maturity. What is the duration of the CD? What would be the duration if interest were paid semiannually?
Explain how might federal deficits crowd out private domestic investment. How does this crowding out affect future living standards.
Consider a tropical island economy with 2-sectors, souvenir manufacturing and hospitality. Both sectors are perfectly competitive, and workers are equally able and willing to work in either industry.
He randomly selects 8 students and finds that they study the following amounts per week: 1, 2, 4, 4, 6, 6, 8 and 14. Assuming a normal distribution, can the professor conclude with 95% certainty that the students are studying as they should?
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