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In class I showed the impacts of a new vaccine using the model by Thomas Malthus. Likewise, now consider the 2014 Ebola outbreak in West Africa. In 2014 the Ebola virus outbreak in West Africa led to 11325 deaths. You are required to use both the models by Thomas Malthus to examine the impacts of the Ebola virus, that is the resulting impacts after the outbreak, on one of the heavily hit countries, Sierra Leone.
1) Explain how the Ebola deaths in Sierra Leone affected the standards of living (per capita incomes) in Sierra Leone according to the Malthusian Model. Your explanation should explain how the equilibrium in the Malthusian model would change and also state whether that change would decrease or increase per capita incomes.
Carefully explain why the following is either true or false. "In a 2*2*2 heckscher-olin context, when a relatively labor-abundant country moves from autarky to trade, the real return to capital in the import-competing industry decreases and the real ..
q1. what is the relationship between marginal cost and marginal revenue when single-price monopoly maximize profit?
A country purchases $3 billion of foreign-produced goods as services and sells $2 billion dollars of domestically produced goods and services of foreign countries. it has?
Profit max level of output. Quantity firm will minimize average total cost. Illustrate at what price will y shut down.
Val-lok Industries manufactures miniature fittings and valves. The company bought a new machine with $8,000 to improve process efficiency. After 3 year useful life, it will be sold out for $2,500. Prepare a table showing the depreciation expense and ..
Why do you think macroeconomists focus on just a few key statistics when trying to understand the health also trajectory of an economy.
Using the value of MPC = 0.8, and knowing the difference between the values of expenditure multiplier and the tax multiplier, it can be safely stated that the reduction of taxes by $400 billion (other things staying the same), Estimate increased leve..
Any goods from all should be of higher demand than supply; the other good should show higher supply than demand.
Which of the following defines an effect time lag?
The following equations describe the macro-economy: Calculate the equilibrium output and interest rate.
Sam borrowed $10,000 with a promise to repay the loan in 6 years with a uniform monthly payment and a single payment of $1,000 at the end of six years at a nominal interest rate of 12% per year. What is the amount of each payment? What is the amount ..
The demand for a good is P=200-5Q. The supply is P=50+10Q. What is the equilibrium price and quantity? (Make sure you show all your work)
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