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Suppose worker productivity increased at the rate of 1.9% per year. If the Labor force grew by 1.5% per year, what rate of increase in RGDP would be sustainable without increasing inflation pressure?
All of the following can cause conflict between divisions EXCEPT
Distinguish between fiscal policy and monetary policy as to the components and intended uses of each type of policy. Material from the text, research, and YouTube within our course may be used.
Assume that you have a budget of $30 to spend on milk and cereal only. What is the most you can purchase of cereal? What is the opportunity cost of three units of cereal? If you purchase 5 units of cereal (Qc=5), then how many of milk can you purchas..
Two tools that can be used to measure credit risk are
Suppose that a U.S. dollar buys more gold in Mexico than it buys in Japan. What does the law of one price imply will happen?
Using the diagram, suppose that producers need to have licenses to sell apples, and that only 90 units of apples are licensed (i.e. Q is limited to 90). Calculate: the reduction in the consumers’ surplus. the reduction in the producers’ surplus
How would you do question 1 part A? Do you integrate the total cost and total benefit functions? And how would you find the price to charge the customers?
Consider a drug shop that sells malaria treatment. Product can be stored costlessly from dry to rainy reason but it is impossible to store any crop from rainy to dry season. Dry season demand for malaria treatment is Xd=120-4Pd and the supply of mala..
Assume the market for freshly caught ocean fish is in equilibrium. Next assume that market Price, and nothing else, increases. what economic problem is created by the price increase. Identify the problem and explain how it comes into being. explain h..
q.consider a market with a demand function q 20 - p currently there are ten firms operating. each firm has the
Where formal cartels are illegal, what techniques can firms use to attempt to prevent price wars from breaking out and to maintain a price level in the market, which approximates the level that a monopolist would charge?
In a particular competitive market, the industry’s private marginal cost at output level Q ≥ 0 is PMC(Q) = 1 (in $ per unit) when Q ≤ 11 and PMC(Q) = 2Q − 11 when Q > 11. The height of the demand curve for the industry’s output is 7 − (Q/3) when the ..
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