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1-) " Technological change eliminates thousands of jobs every year. Unless something is done to slow the growth of technology, ordinary workers will face a bleak future of low wages and high unemployment." Explain why you either agree or disagree with this statement.
2-)In a market economy, investors have a strong incentive to undertake profitable investments. What makes an investment profitable? Do profitable investments create wealth? Why or why not? Do all investments create wealth?
Let's assume that thereare no trade barriers and exchange rates are freely fluctuating. At the same time, the European Union develops a technology that reduces the cost of production for most of their exporting products. Explain what will happen ..
Suppose our business plans to take out a 5-year loan for $100,000. The after-tax MARR is 10%, the tax rate is 40%, and the loan interest rate is 15%. Rank the following loan options using present worth analysis: Method 1: Balloon loan (pay only in..
Elucidate how these economic concepts can be used to address the firm's problems and opportunities.
Economic indicators are economic statistics that tell us how well the economy is doing. The GDP, unemployment value, and inflation vale are the most common macroeconomic indicators.
Relationship among consumption expenditures and inventories as well as their interdependence, and think in terms of the Multiplier.
Suppose we have a random sample with 8 observations: x1=-2, x2=x3=-1, x4=x5=x6=0, x7=3, x8=8. Then density function of x is given by \(p(x)=0.5e^{-|x-\mu|}\) Find the maximum likelihood estimator for u.
Market supply of labor The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours per week (QT) supplied to the market.
Illustrate what impact could this have on the level of production and therefore the unemployment rate.
Illustrate what do you think about the goal of the IMF's aid to distressed countries. What has been the controversy surrounding the IMF austerity programs.
Write down a paper which provides an economic profile of the automotive manufacturing industry.
The demand for coffee is assumed to be P = 15 - Q (units don't matter here.) The domestic supply of coffee is P = 2 * Q. The world market price of coffee is 5. Using graphs, show who gains and who loses and by how much (both for losers and winners..
Given the supply curve from part a. the price of a Picasso Blue Period work will be entirely dependent on what factor(s)? Draw a diagram showing how the equilibrium price of such a work is determined.Why is this supply curve different from ones you..
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