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1. If countries are first ranked by level or real GDP per capita, and then by the value of the Human Development Index, would you expect the ranking of countries to be similar or different? Explain
2. Shocks to an economy, such as wars, famines, or the unification of two economies. often generate large one-time flows of workers across borders. What are the short-run and long-run effects on an economy of a one-time permanent increase in the stock of labor? Use a diagram to guide your arguments.
3. Describe one important criticism of Rostow's stages of economic growth theory.
Some games of strategy are cooperative. One example is deciding which side of the road to drive on. It doesn't matter which side it is as long as everyone chooses the same side. Otherwise, everyone may get hurt.
carefully explain what will happen as we move from the short run to a long run equilibrium in a monopolistically
What is the maximum amount bank can expand its loans and what will happen to the M1 money supply if it makes the loans in (b) above and those funds are deposited into another bank by the borrowers?
Suppose that the average variable cost of the firm is given by AVC(q) = 3 + q. Suppose that the firm"s fixed costs are known to be $3. Will the firm be earning a positive, negative, or zero profit in the short run?
What were the deficiencies of context present precluding any systematic analysis?
Buyer behavior is at the core of marketing. All marketing programs need to begin with an understanding of why and how consumers buy what they do. If no one purchases a company's product or service, it will quickly go out of business.
Which of the following are likely to increase the value of the firm, based on the shareholders wealth-maximization model?
Assume the market for wooden toothpicks is competitive. Earlier this week, in a nationally published study, 4 out of 5 dentists enthusiastically endorsed the benefits of toothpicking for dental health
Suppose you run a manufacturing business that is involved in manufacturing and selling a single product. The fixed cost to run the business is $15,000 and the constant marginal cost is $7.50 per unit. The sale price of your product is $15 per unit.
What is quantitative easing. Hasn't the Fed already tried quantitative easing. When. What were the results. Discuss the method of quantitative easing used by the Federal Reserve during the most recent U.S. recession, including any criticisms of th..
explain how a market economy compensates for a market surplus. what about a market shortage? why is price driven toward
The adoption of a tighter, more anti-inflationary monetary policy might be politically unpopular because the Fed will:
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