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1. How is economic growth measured?
2. How would you describe the pattern of world economic growth over the past 2,000 years? Approximately when did economic growth really take off?
3. What are five human welfare conditions that are positively affected by economic growth?
Sentencing juveniles to adult prisons is like saying society has given up and there is no treatment that can affect their adult potential. It is the responsibility of society to treat juveniles and that treatment should be administered in juvenile fa..
Fisheria is a country in which the quantity theory of money operates. The country has a constant population, capital stock, and technology. In 2010, real GDP was $300million, the quantity of money was $60million, and the velocity of circulation of..
Suppose that the local gym has a marginal and average cost of 10 per visit. Calculate the profits associated with the following combinations of annual fee (T) and per visit fee (P), and determine which scheme generates the highest profit.
In China, it takes 100 hours to produce 1 digital camera or 4 hours to produce 1 lb. of wheat. In S. Korea, it takes 60 hours to produce 1 digital camera or 3 hours to produce 1 lb. of wheat. What is China's opportunity cost of producing one pound of..
Using your favorite spreadsheet software, compute the debt-to-GDP ratio in 10 years, assuming that the primary deficit stays at 4% of GDP each year; the economy grows at the normal growth rate in each year; and the real interest rate is constant, ..
a uniform plank is supported by a fixed support at A and a drum at B that rotates clockwise. the coefficients of static and kinetic friction for the two points of contact are as shown.
The St. Thomas Winery plans to open a new production facility in the Napa Valley of California. Based on information provided by the accounting department, the company estimates fixed costs of $250,000 per year
A. Calculate the marginal opportunity cost of each combination. B. What is the opportunity cost of combination C C. Suppose a second nation has the following data.
There are only two firms in the widget industry. The total demand for widgets is Q = 30 - 2P. The two firms have identical cost functions, TC = 3 + 10Q. The two firms act as though they were a monopoly. At what price and quantity will this cartel ..
is where one player maximizes his payoff and the other doesn't.
A sample of 35 observations is selected from a normal population. The sample mean is 30, and the population standard deviation is 4. Conduct the following test of hypothesis using the .05 significance level. H0 : 29 H1 : > 29 (a) Is this a one-..
Suppose the number of employed people in an economy is 121,166,640. The unemployment rate in this economy is 10.4 percent, or .104, and the labor force participation rate is 72.5 percent, or .725.What is the size of the labor force
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