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The U.S. is one of the worlds wealthiest countries think of a recent case in which the decision of the U.S government were severely constrained by scarcity. Describe the trade off that were involved. What were the opportunity cost of the decisions that were actually made?
Problem: Explain the impact of ICT in economic development?
Define what is an economic and political system that calls for public ownership of virtually all enterprises, under the direction of a strong central government?
Economics 312/702 - Macroeconomics: Problem Set 1. Find the equations determining the steady state, and characterize the steady state as sharply as you can. How does having elastic labor supply (v ≠ 0) affect the steady state levels of consumption ..
Discusse the impact that trade restrictions such as tariffs and quota have on the price of imports.
Analyze the roles of physical capital, human capital, technology, and natural resources in influencing long-run economic growth of aggregate output per capita, and how governments can contribute, or discourage long run growth through their policies a..
Tom and Jerry are both enterpreneurs and are producing hats and scarfs. Tom is producing 1 hat and 3 scarfs per hour whereas Jerry is currently producing 2 hats and 5 scarfs per hour. Now they want to increase their production and exports as well...
Elucidate when producers reduce price for good and services, it increase consumers surplus and everyone standard of living.
Question 1: How can governments influence the long run rate at which the economy grows?
Vulnerability Analysis
Marketing refers to the four P's in duscussing firm strategties. Why do you think price is the most powerful and important P that the firm has at its disposal What makes it so much nore attractive as a tool as compared to the other Ps
a answer the following questions using the aggregate expenditures model of the economy described below. c 80 .6yd t
determine what the tangible and intangible benefits are for a a computer b a tube of toothpaste and c a beauty salon.i
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