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A nation’s aggregate real income is growing at an annual rate of 3.3 percent, and its current rate of growth of per capita real income is 0.4 percent. What is the rate of population growth in this nation?
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Explain why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command and control system.
If she would like for the annual withdrawal to increase by 4% each year over the first 20 years of her retirement, what is the amount of the first year withdrawal?
Davy Metal Company produces brass fittings. Davy's engineers estimate the production function represented below as relevant for their long-run capital-labor decisions. Davy's employees are relatively highly skilled and earn $15 per hour. The firm est..
Synthesize the major strategies for increasing revenue and decreasing expenditures. Evaluate the skills in conducting environmental scanning for threats and opportunities facing higher education relative to financial issues.
Define cardinal and ordinal utility. What is the difference between the two? In economics, is utility measured cardinally or ordinally and why is this so?
What does EACH of the following theories recommend in regard to prevention of alcohol abuse and the rehabilitation of alcoholics: biological; psychiatric; psychological; rational choice; and learning/socialization?
You are making $1,000 quarterly deposits into a fund that pays 8% interest compounded quarterly. What would the balance be at the end of 10 years?
Members of the Federal Reserve Bank, the central bank of the United States, meet every six weeks to adjust interest rates based on economic conditions.
Describe the various forms of direct response advertising. Discuss some of the reasons for the success of direct response advertising.
The Equation of Exchange is given as MV = PY , where M= the nominal money supply, V= the velocity of money, P= the price level and Y=real GDP. What is the Monetarists’ argument (based on the quantity theory of money) about an increase in M? Explain a..
Discuss what organizational form (e.g., private ?rm, government corporation, or normal government production) you think might be appropriate for each of the following. In each case, discuss problems of designing appropriate incentives and efective re..
The concept of "stagflation" which is a term created by mashing together stagnating and inflation that reflects a slowing or stagnant economy and an inflationary environment. From a corporate financial manager perspective, discuss the implications of..
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