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How does GDP fare as a measure of an economy's growth & development? Do you think that 'GDP' is, by itself, a comprehensive and representative measure of an economy's status and well-being? Does it present a complete picture of a country's growth and development? Why or why not? Does the government or any other responsible agency provide other indicators that may be used to measure a country's overall growth and development? What might they be, and what information do they give us? Please explain why that information is relevant in the context of assessing the well being and forecasting future growth prospects of a nation.
Explain the entities affected by industrial regulation in terms of marketplace structure.
Explain how the Heckscher-Ohlin theorem is obtained, using either the “physical” definition or the “price” (or “economic”) definition of relative factor abundance.
International trade has many tradeoffs for each country. Overall, what has been the global trend in trade policies from 1950 to 2000?
q. a company has started a phone service that uses overseas doctors to provide emergency medical consultations.
what his students remembered fron introductory macroeconomics about the creation of money. He reported that few students were confident enough or remenbered enough to reply correctly to his question.
Demand curve is P=-Q+90 and the supply curve is P=0.5Q. Find equilibrium price and quantity. What’s the level of total expenditure in the market? What’s the price elasticity of demand at the equilibrium?
Sometimes, a bidder on a work contract may bid lower than what would maximize his/her profit from the contract and the reason for that is to create goodwill (to increase expected future business from the buyer). How would you value the goodwill that ..
How does Supply and Demand play a role in economic thinking? What factors influence economics that don't directly relate to it? How does public choice economics influence the market?
Intel made large loyalty payments to HP in exchange for buying most of their chips from Intel instead of rival AMD. AMD sued Intel under the antitrust laws, and Intel settled the case by paying $1.25 billion to AMD. What incentive conflict was being ..
The company you work for needs to rent a bulldozer for a job. The company has made a non-refundable deposit of the first month’s rent (equal to $1,000) on a 6-month lease for a bulldozer. Assuming the plan is to use the bulldozer for 6 months, and th..
What factors will contribute to the riskiness of these bonds.
The government finds that a lot of employers are prejudiced, and discriminate against foreign workers. The secretary of labor offers the President three options to deal with this problem: Arrest all employers who are hiring foreign workers at less th..
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