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Q1. Suppose we have two economies- let's call them earth and mars- that are identical, except that one begins with a stock of ideas that is twice as large as the other. A/Earth0=2* A/Mars0. The two economies are so far apart that they don't share ideas and each evolves as a separate roomer economy. On a single graph (with a ratio scale), plot the behavior of per capita GDP on earth and mars over time. What is the effect of starting out with more knowledge?
Q2. Calvin Coolidge once said that "inflation is repudiation". What might he have meant by this? Do you agree? Why or why not? Does it matter whether the inflation is expected or unexpected?
Assume consumer tastes shift toward the consumption of apples. Which of the following statements is an accurate description of the impact of this event on the market for apples.
Why are usage-based insurance rates lower than at-rate insurance fees? Give two separate reasons and explain.
A company's cash sales for the month are $200,000 and its accounts receivable payments for the month are $100,000. What is its total incoming cash flow.
q.in ua villa 1000 people live on main street that is 10 miles long. every day each of the 1000 people will buy 1 fruit
Use the midpoint method to compute your price elastcityof demand as the price of compact discs increases. Compute your income elasticity of demand as your income increases.
Louie produced 300 fire trucks. What action leads to both gains in revenue and loses in revenue for Louie.
Now illustrate what is the price elasticity of demand. Illustrate what is the cross-price elasticity of demand.
Bulls Eye department store specializes in the sales of discounted clothing, shoes, household items, etc. similar to the offerings at a regular Walmart or Target. Bulls Eye is the only department store in Show Low and the nearest other discount retail..
What are the principal arguments of pharma companies who oppose making exception to IPR laws for developing countries? What are the arguments by NGOs and others for a differential treatment?
Several big companies offer employees time off during the workday to attend seminars on how to improve their health. Some even give bonuses to people who show that they are adopting healthy lifestyles through,
the demand for on campus student housing at the university of Idaho, in Moscow, Idaho. The college has 2,000 rooms for rent. Illustrate what is the equilibrium rent and how many rooms are rented.
Explain the argument that lower corporate tax rates can increase tax income in Kenya. Reflect on the Laffer curve in your explanation.
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