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Q. 1. What contact does natural capital have on economic growth? Will it be probable for a country through few natural resources to produce rapidly? Why or why not?
2. Assume you have just been allotted to a high level position in monetary investigation unit of State Department. The escritoire of state has asked you to organize a memo describing the key policies and economic arrangements that a specific less developed country should follow in order to achieve rapid growth and higher income levels. During research, you realize that multiple Christian aid organizations been working in the country to assist the local population. Briefly describe your response (2-3 paragraphs). To indicate be sure why each aspect you mention is important if a nation is going to attain a high level of economic progress.
3. Indicate five of the world's economies that are the most free. How do the income levels as well as growth rates of freer economies evaluate with those that are less free?
4. Has the United States become more or less economically free during the past decade? What impact will this have on the future economic growth of the United States?
Elucidate the marginal revenue from the fourth worker
What is the deadweight loss if buyers, instead of vendors, are required to pay the tax of $4 for each unit of the good sold.
Consider a couple's decision about how many children to have.Assume that over a lifetime a couple has 200000 hours of time either work or raise children.The wage is RM10 per hour.Raising a child takes 20000 hours of time.
The annual operating and maintenance expenses are estimated to be $1,000. If Convington's MARR is 15%, how many years will it take before this machine becomes profitable.
In the context of share holder maximization model of a firm, what is the expected impact of each of the event on the value of the firm?
Now? suppose? that? the ?first ?firm? has? a ?capacity ?of ?2 ?and? the? second? firm? has ?a ?capacity ?of ?4.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
A Fenway park, home of the Boston Red Sox, seating is limited to 39.000. Hence, the number of tickets issued is fixed at that figure. Seeing a golden opportunity to raise revenue.
If the market price of the product is 270, how much output should the firm produce in order to maximize profit. How much profit will this firm make.
Recent survey of high school students, it was found that the average amount of money spent on entertainment each week. Values are representative of all high school students.
Alex's Furniture Mart produces and sells tables in a perfectly competitive market. When Alex's Furniture Mart produces and sells 250 tables.
Which of the government policies below is not likely to encourage per capita economic growth.
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