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When low income countries begin to experience economic growth, they often do so at rates much higher than current growth rates of industrial nations. Which of the following does NOT provide an explanation of this phenomenon. A, Developing countries may not need to engage in large amount of R&D as they can borrow technologies that have already been developed in industrial nations. B. Low income countries do not usually have large volumes capital. They can grow from technology improvement and capital investment, without facing diminishing returns until they reach much larger levels of income. C. as industrial countries are growing, they have high levels of capital and face diminishing returns from investment in capital. D.Industrial countries have higher rates of growth in physical capital and developing countries are not able to invent in large quantities of capital.
Which of the following accurately brings out the distinction between small business and larger firms? A(n) _____ is a precise statement of the rationale for a business and a step-by-step explanation of how it will achieve its goals. Which of the foll..
When a good is limited, some means must be found to ration the scarce commodity. Some examples of rationing devices are auctions, ration coupons, and first-come first- served systems. What are the strengths and weaknesses of each? Explain carefully i..
q1. the owners of a successful restaurant want a loan for 50000 to renovate the kitchen and expand the dining room.
The Autocar E3 refuse truck has an energy recovery system that is expected to reduce fuel consumption by 30%. The fuel cost for a regular refuse truck (without the energy recovery system) is $500 per month.
Consider a market with a demand curve of P=10-Q and a supply curve of P=Q. Before the imposition of a tax, equilibrium quantity is 5, and equilibrium price is $5 (verify this). If a tax of $5 per unit is placed on this market, quantity traded falls t..
To differentiate its product,a monopolistic competitive firm will engage in all of the following advertising practices EXCEPT
describe whether that combination leads to more or less growth over the next period.
What are some of the goods you purchase in your life for which your demand is most elastic? Why? What are some of the goods you purchase in your life for which your demand is highly inelastic? Why?
Analyze how inflation could occur in a society that relies exclusively on barter versus money. Speculate what form inflation would take and how you would recognize it. Provide support for your response.
Comment on: ”Some researchers believe sports participation might shape various personality traits, other researchers believe we participate in sports because of our personality type”. In essence, this is the nature - nurture debate. How would this af..
Suppose that you can schedule a worker for up to 10 hours per day. The total benefit and total cost functions are B(H) = 1200 × √H and C(H) = 200H. The corresponding formulas for marginal benefit and marginal cost are MB(H) = 600/√H and MC(H) = 200. ..
After two quaters of increasing levels of production, the CEO of Canadian Fabrication and Design was upset to learn that, during this time of expansion, productivity of the newly hired sheet metal workers declined with each new worker hired. Explain ..
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