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What are the broad empirical regularities associated with growth and development that modern theories of economic growth attempt to explain? Please Enumerate and describe briefly.
Which of the following explains the distribution of income? Why can suppliers of goods can more easily shift the incidence of a tax to the consumer if the demand of the good is inelastic? What are intergovernmental revenues generally used to do? Whic..
Consider two industries, each comprising ten firms. In industry A, the largest firm has a market share of 49 percent. The next three firms have market shares of 7 percent each, and the remaining six firms have equal shares of 5 percent each. Compute ..
Consider the following short-run production function: q = 5L2 - 1/3L3. Illustrate at what level of L do diminishing marginal returns begin. At what level of L do diminishing returns begin.
Discuss how the role of newspapers as an advertising medium would differ for national versus local advertisers. Do you feel that the rate differential newspapers charge national versus local advertisers is justified?
Apply the aggregate demand/aggregate supply framework to predict how the chained CPI could potentially impact the economy in the short-run. Evaluate the long-run impacts of the change.
Which of these is an example of specialization? Investment by firms like Toyota in UK factories is an example of. When one producer can create a given amount of output with fewer inputs, what exists? A nation has a working age population of 100 mill..
Describe the various forms of direct response advertising. Discuss some of the reasons for the success of direct response advertising.
Compute Ikonomia's gross national expenditure (GNE), gross national income (GNI) and gross national disposable income (GNDI).
Bank of Canada sets monetary policy to try to achieve an annual 2% increase in consumer price index. Is the CPI a good index of your cost of living? Why or why not? is there a better measure of the cost of living?
Note that the firm cannot sell more product than it has produced, and at every period sells as many units as are available, given that availability does not exceed the demand. Given that N=4 and the production during the first period costs $9. Find t..
Land is purchased for $75,000. It is agreed for the land to be paid for over a 5 year period with annual payments and using 12% annual compound interest rate. Each payment is to be $3000 more than the previous payment. Determine the size of the last ..
Maxwell Software, Inc., has the following mutually exclusive projects. Year Project A Project B 0 –$24,000 –$27,000 1 14,000 15,000 2 10,500 11,500 3 3,300 10,500 a-1. Calculate the payback period for each project. What is the NPV for each project if..
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