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This only a discussion on Growth Theory. Take a stand and explain your side.
Although economists speak as if economic growth is necessarily a good thing, many question the sustainability and even the morality of ever increasing economic growth. Certainly we can nod to the idea that economic growth needs to keep up with population growth to maintain our current standard of living. However, does growth in excess of population growth increase well-being? A way to consider this is whether you are "happier," not whether you have more and better stuff, than your great-grandparents were. Some argue "no" andthat excess growth might even be construed as materialistic and immoral. Others argue that the pursuit of growth is depleting the earth's scarce non-renewable resources. I leave this issue in your capable hands.
Complete the following table by computing the marginal utility per dollar for successive units of X, Y, and Z to one or two decimal places.
Is it ethical for a government to pretend in ways which socialize financial risks or losses.
Explain should they stay in business for three months or should they close down right now.
Elucidate how these economic concepts can be used to address the firm's problems and opportunities.
Assume that you are the chief economic advisor to the president of the U.S..
Illustrate what accounting tools also reports would you use. Use the Library and internet to re-explore value chain management.
Suppose Acme decides that instead of cutting the wholesale price of the CD players it will offer a $50 rebate to the consumer (that is, the wholesale price is $200.
Rachel utility function is given by U= I 1/2 , where I represents annual income in thousands of dollars. Assume Rachel is currently earning income of $23,000 (I =23) and can earn that income next year with certainty.
Explain why cannot nations like Greece or Spain use quantitative easing as a means to stimulate their economies.
If you could identify which the group to that each consumer belong to explain how would you go about setting prices.
Find out the income elasticity of demand. Elucidate whether gas is a normal or inferior product.
Provide reasons to explain what the government would have to do to keep the unemployment rate
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