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Your objective is to choose one country to serve as your “pet country” during the term. You will review the social and economic data of five countries (your choice), and will use that information to determine your “pet country.” Data should include, for example, Real GDP, Per Capita GDP, Trade Levels for Exports and Imports, Population Measures such as Median Age, Literacy Rates, etc. Economic information such as currency policy (Is the currency pegged to another country’s currency?), and participation in trade groups (Is this a European Union member?) may also be used in your data set. These are only suggested measures for you to use. We strongly encourage you to find additional measures.You may arrange much of your information in tabular form, but you are still required to provide a running narrative.
The document should be between 700-900 words (approximately 3-4 pages, excluding the title page and the reference page.)
A competitive firm uses two variable factors to produce its output, with the production function y = min {x1/2, x2}. The price of factor 1 is $4 and the price of factor 2 is $5. Due to a lack of warehouse space, the company cannot use more than 20 un..
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The European Central Bank (ECB) has been known for setting strict inflation targets (in other words, the monetary policy has been oriented towards maintain price stability).
Select one individual and one organizational barrier to innovation. What criteria would you use to determine how these barriers prevent innovation?
If the value of the marginal product of labor exceeds the wage rate, then a competitive, profit-maximizing firm would want to hire less labor. A competitive, cost-minimizing firm has the production function f (x,y)= x+ 2y and uses positive amounts of..
If agricultural price subsidies have the effect of lowering resource costs for farmers, use a supply and demand graph to show the effects on the market for food. Illustrate what are the implications for American public health.
Provide a short example of how the law of diminishing marginal utility applies to a real-life situation. In your answer, explain why utility from consumption of these specific good or service increases quickly initially, peaks, and may eventually lea..
Suppose you enter into a loan agreement to borrow $100,000 to help finance the purchase of a new home. The loan contract specifies a term of 30 years with monthly payments determined at a fixed rate of 6% APR. What is the amount of your monthly repay..
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