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Make a list of your human capital. Be sure to point out what occupations, situations where your human capital is valuable. Also, make some statement of the relative scarcity of each of your talents and skills and the wage differential it offers. Keep it to two pages or less.
Trading partners should specialize production in accordance with comparative advantage, then trade and diversify in consumption because
If the CPI was 110 last year and is 121 this year, what is this year’s rate of inflation? In contrast, suppose that the CPI was 110 last year and 108 this year. What is this year’s rate of inflation? What term do economics use to describe this second..
Suppose that in the United States corn production uses land and labor, while beer production uses capital and labor. Labor is mobile between the corn and beer industries, while land is specific to the corn industry and capital is specific to the beer..
Priyesh’s preferences for goods x and y is given by the utility function U = x2/3y1/3. His income is $192 and the price of good y is always $1. Suppose the price of x starts at $8 and then decreases to $4. The substitution effect results in Priyesh b..
A bank with a two-year horizon has issued a one-year certificate of deposit for $80 million at an interest rate of 4 percent. With the proceeds, the bank has purchased a two-year Treasury note that pays 6 percent interest. What risk does the bank fac..
Explain whether or not you believe modern media is an effective check on government action.
He decides to assign his grades for his current course such that top 15% of students receive an A. What is lowest average a student can receive to earn an A.
Suppose that doctors’ visits cost $20, and the typical consumer has an income of $100. Consumers spend all of their incomes on doctors’ visits and a “composite good” that costs $1 per unit. Draw a graph that illustrates the consumer’s budget constrai..
q1. explain the essential distinctions among the stages-of-growth theory of development the structural change models of
Suppose a firms production function is Q = 2K0.5 L0.5. Its level of capital is fixed at 9 units, the price of labor is PL = $12 per unit, and the price of capital is PK = $10 per unit. The firm’s average fixed cost function, average variable cost fun..
If your employees are self-interested, how much output would you expect each individual worker to produce absent monitoring.
Interest rates on U.S. treasury bills are typically much lower than interest rates on U.S. treasury notes and bonds. If the federal government wants to reduce the interest charges it pays when it barrows money, why doesn't the treasury stop selling t..
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