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Which of the following was responsible for slower economic growth before the Industrial Revolution?
There was no instance of technological innovation.
Population growth caught up to the rate of technological innovation.
The rate of technological innovation outpaced population growth
Approximately how much output should the firm allocate to market 2? What is the approximate price that will be charged in market 1? What is the approximate price that will be charged in market 2?
What global social interests or responsibilities, if any, do we have as consumers to the losers of globalization? Discuss and justify your postings and responses with other students in our course.
When you buy 100 shares of IBM it is an investment according to economists. If consumers have few durable goods, this will lower the C line, all other things equal. A corporation is a legal person separate from the owners. Investment is more stable t..
When the fed raises the federal funds rate, eventually there is.
Most industrial farms hire migrant workers, so the market for such workers is reasonably taken to be perfectly competitive. Suppose that all farms individually have a short-run elasticity of labor demand of –0.5. Explain why the reduction in employme..
Economies of scale can be quickly exhausted not everyone wants to ‘shop' from same ‘store' size can also mean diseconomies of scale if focus Is lost and conflict of interest what matters to shareholders is profitability not Challenges (contd.) Do..
Using the travel cost method, evalute the annual active use value of this area to the people living in these cities.
Explain how does a decrease in foreign price levels affect domestic aggregate expenditures and demand. How is the aggregate supply curve different from the supply curve for a single good, like pizza.
Does either firm have a dominant strategy. Is there a stable equilibrium.
Find the equilibrium price and quantity after the shift of the demand curve.
Find the output you should produce in order to maximize your expected profits so that you can then determine your expected profits accurately.
What are the terms of trade? (At what rate would you each be willing to trade?) f. Using graphs for both you and Pat, show that trade allows each of you to achieve a point on your consumption possibilities curve which is greater t..
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