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The real rate of growth of the US economy is, on average, about 2.5 % annually. The Chinese economy grows, on average, at a rate of 8.5 %. According to World Bank data in 2011 the GDP of the United States and China was 14.99 and 7.31 trillion dollar, respectively. How long will it take for China to reach the current size of the US economy? Is it possible for China to overtake the United States in 21 century?
During the business cycle, the period between the point at which output reaches a high and the point at which it reaches a low is called
Why is representative money more useful than commodity money. representative money has value because the government says it does or else.
a group may be defined as two or more people who interact with each other to accomplish certain goals or meet certain
Write down the Lagrangean function associated with this problem and derive the first-order conditions for this problem.
1.question why does a business need to understand elasticity of demand?2. the schedule below is for beer pricequantity
What is the Sharpe ratio on a portfolio of US Stocks and what is the lowest value for such that these numbers from the data are consistent with equation (2)?
Do you think that there should be equal opportunity in a just society? What would you mean by this phrase? Do you think that it is a realizable ideal? Describe John Stuart Mill's concept of utilitarianism.
Find out the quantity demanded, the quantity supplied, and the magnitude of the shortage if a price ceiling of $30 is imposed in this market. Also determine the full economic price paid by consumers.
What is inflation? What are the causes of inflation? Is inflation desirable and what can be done to control inflation in a market economy?
Describe the ultimate goal of the product campaign for the new shampoo - Discuss your methods for achieving goal.
Describe why in competitive markets there can be profit or producer surplus in the short run but not the long run. Include the idea of "economic rent" for exceptionally productive inputs. Then imagine a firm with the same cost structure but in each o..
In the case of monetary impotence without a horizontal LM curve, a rise in government expenditures
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