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Q1. Assume that a "leader country" has real GDP per capita of $40,000, whereas a "follower country" has a real GDP per capita of $20,000. Next suppose that the growth of real GDP per capita falls to zero percent in the leader country and rises 7% in the follower country. If these rates continue for long periods of time, how many years will it take for the follower country to catch up to the living standard of the leader country?
Q2. China has enforced the one child policy since 1979 to curb its population explosion. Suppose that china population L was growing at the constant rate no before the one child policy; after the introduction population growth drops to the constant rate n1 analyze the effect of this policy using continuous-time Solow model without technical progress.
A competitive firm that is profit maximizing pays a wage. The firm has started marketing its new product.
If she neither borrows nor lends, which project has the higher present value at the interest rate 50%. Which has the higher present value at an interest rate of 5%.
A business cycle fact is that real wages are pro-cyclical. Using the classical labour market as we have all semester, show and explain how the classical economists explained this business cycle fact.
You will need to determine how you will measure strict gun control laws for the states and to define what types of crimes will make up the crime rate.
Store maximizes profits and the price elasticity of demand for milk is -2 for coupon users, what is the price elasticity of demand for non-users.
the set of efficient trades these individuals would rationally make. One of the points on the set of efficient trades you illustrated in your diagram will be a competitive equilibrium.
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Think of any financial innovation in the past ten years
the industry that this claim were untrue, what critical questions could you ask about the HHI used for the study
This would be ideal because he would have the same number of pretzels as he would soda leaving no money left to spend.
Hero Nakamura is CEO of the Cola King Bottling Company a small regional producer operating in the Pacific Northwest. Nakamura is considering two alternative expansion proposals
Suppose she is offered a new job that would pay her $15,000 and would bring her earnings high enough so that she no longer qualified for any welfare benefits.
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