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Short Answers- International Entrepreneurship
1- Define a "gazelle" and discuss some ways that gazelles impact the economy.
2- Describe entrepreneurs and entrepreneurship in today's marketplace.
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an economist might say that collage and universatys "produce" education, using facilty members and students as inputs. According to this line of reasoning, education is then "consumed" by house holds. Construct a circular-flow diagram like the one..
Assume that the country is in a budget deficit and carrying a very large debt. Discuss the dangers of a high debt to GDP ratio and a growing budget deficit. Would this affect any policy changes you discussed in Part 1?
Calculate the rate of increase in the real GDP and one more question?
The marginal propensity to consume equals 0.3, and the marginal propensity to import is 0.1. If Americans suddenly increase their desire for European cars and the MPm raise to 0.3,
How does United States compare to the other two countries you chose in the high-income group, middle-income group, and low-income group?
What is the equilibrium price and quantity of fertilizer in an unregulated, competitive market? What is the efficient quantity of fertilizer?
What is the appropriate balance between private and public (i.e., government) activity Think of a case where the government has intervened (or it was suggested that government intervene) in a previously private market
A country with a civilian population of 90,000 (all over age 16) has 70,000 employed and 10,000 unemployed persons. Of the unemployed, 5,000 are frictionally unemployed and another 3,000 are structurally unemployed. On the basis of this data, answ..
Write a 500-word paper to describe the externality or public good issue in the article and to argue in favor of a government policy measure that would be an appropriate response to the problem.
Explain how much control might an organization have over pricing based on a product's elasticity
After a large number of drinks, a person has a BAC of 200mg/Dl. If the amount of alcohol decays exponentially, with one fourth being removed every hour, find the time it will take for the person's BAC to decrease to 80mg/Dl.
Suppose that the position of a nation's aggregate demand curve has not been changed, but long-run equilibrium price level has declined.
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