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Why did is the relationship between income growth and happiness different in the two sets of countries? It could be because the Latin American countries are on average poorer than the more advanced economies, or because they are much more unequal. Our data did not present unequivocal answers. What we can say for sure is that it's a fallacy to equate GDP with well-being. It's not a foregone conclusion that growing the economy will make for a happier people.
How many economic activities can be seen in this particular market? Which specific goods/services are related with these economic activities?
A toy rocket is launched from a 3.5 m high platform in such a way that its height, h (in meters), after t seconds is given by the equation h=-4.9t + 23.8t +3.5. How long will it take for the rocket to hit the ground?
Assume the government imposes a fixed tax t per unit quantity on each firm. Explain the impact of this tax on following variables;
Tony Soprano borrowed $200,000 from his "Shylock" friend Herb to cover his gambling losses. The "vig" is 1.5 points (%) per week. What are the nominal and effective interest rates?
Macro-economics is perhaps most divisive area of economics. Macro economists divide themselves into different schools of thought. Two of the biggest camps are the Keynesians and the Monetarists.
The interest rate is tied to the economy. Based on your opinion, will the economy grow or recede for the rest of 2011 and 2012? Will the pace of growth (or recession) fast or slow? The current interest rate is very low. Do you think the interest rate..
desired consumption is cd 2000 0.9y - 100000 r - g and desired investment is id 1000 - 45000r. real money demand is
ted has preferences given by the utility function ukl k 2l where k pounds of kale per month and l pounds of lettuce
a. derive the is relation.b. derive the lm relation.c. solve for equilibrium real output.d. solve for the equilibrium
Consider the following situation: a person sells fishes by the seashore, assuming that he is a monopolist, and that there is no cost of production of output. The inverse demand curve for his fishes s is given by: p( s ) = 10 -s. Plus, assume th..
You are the manager of a monopolistically competitive firm, and your demand and cost functions are given by Q=20-2P and C(Q)=104-14Q+Q^2
Think about the trade off in work and leisure during a given day, and from day to day. During a given day, does opportunity cost of work rise, decline, or remain constant with each additional hour of work?
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