The number of books published per capita

Assignment Help Business Economics
Reference no: EM131007676

Do the following variables have a positive, negative, or roughly zero correlation in a cross- section of countries: GDP per capita and the number of books published (hard copy + electronically) per capita?

Reference no: EM131007676

Questions Cloud

Expected real interest rate-domestic currency appreciates : Discuss/justify the following statement: “When a change in a country’s nominal interest rate is caused by a rise in the expected real interest rate, the domestic currency appreciates. When the change is caused by a rise in expected inflation, the cur..
What is the net present value if the cost of capital : Schaefer Organic Farms purchased a new tractor at a cost of $80,000. Annual operating cash inflows are expected to be $30,000 each year for four years. At the end of the tractor's useful life, the salvage value of the tractor is expected to be $5,000..
Annual growth rate of GDP per capita : Suppose that in a particular country, GDP per capita was $ 10,000 in 1960 and $ 40,000 in 2008. Using the rule of 72 (not a calculator), approximate the annual growth rate of GDP per capita.
Explain why strict liability should : In 1191, Three-year old Douglas Moore was playing with one of BIC’s lighters. While playing with the lighter, he started a fire that severely injured his 17-month-old brother. BIC Manufactures Inc. Included several child-safety warning labels on thei..
The number of books published per capita : Do the following variables have a positive, negative, or roughly zero correlation in a cross- section of countries: GDP per capita and the number of books published (hard copy + electronically) per capita?
Argument in light of the time-inconsistency problem : When cities pass laws limiting the rent landlords can charge on apartments, the laws usually apply to existing buildings and exempt any buildings not yet built. Advocates of rent control argue that this exemption ensures that rent control does not di..
Describes the consumer price index : Label each statement according to whether it describes the Consumer Price Index (CPI) or GDP deflator. Statements may describe one, both, or neither of the terms. If both labels apply, place both in the box. If neither applies, leave the box blank.
Annual average inflation rate during these two years : Two years ago, the GDP deflator for Old York was 300, and today it is 330.75. Based on this information the annual average inflation rate during these two years was
How many units should each firm produce : An industry demand curve faced by firms in a duopoly is P = 100 - Q, where Q = Q1 + Q2. MC for each firm is 0. How many units should each firm produce? How much money will each firm make?

Reviews

Write a Review

Business Economics Questions & Answers

  The economy begins in long-run equilibrium

The economy begins in long-run equilibrium. Then one day, the president appoints a new chairman of the Federal Reserve. This new chairman is well known for her view that inflation is not a major problem for an economy.

  What are marginal cost and average total cost

A cubic total cost function is expressed as TC=a+bq+cq^2+dq^3 if a=0 b=400 c=-50 and d=5 then. What are MC (Marginal Cost) and ATC (Average Total Cost) respectively equal to? At what output levels are MC and ATC respectively minimized?

  Unobstructed view of a large wooded area

Paul owns a home on the top of a hill and enjoys an unobstructed view of a large wooded area.

  Elucidate how much does total revenue change

When the monopolistically competitive firm lowers price from $16 to $12, elucidate how much does total revenue change.

  Define competitive equilibrium in economy

Consider a static (one-period), closed economy with one representative consumer, one representative firm, and a government. The level of capital K and government expenditures G in the economy are both fixed exogenously. Formally define a competitive ..

  Illustrate what occurs to demand scale substitution effect

Elucidate how Illustrate what occurs to demand for L1 when w2 increases. Illustrate the scale also substitution effects.

  Pay for performance schemes may take several forms

“Pay for performance” schemes may take several forms. One is a piece rate scheme, in which there is an explicit mathematical formula that translates workers’ output into pay. (For example, a worker might be paid $5 per unit of out put he or she produ..

  What would keep wages from falling quickly in a recession

What would happen to short- and long-run aggregate supply if unusually good weather let to bumper corps of most agricultural produce? What would keep wages from falling quickly in a recession?

  What factors in technological segment

What factors in technological segment can have significant impact on U.S. restaurant industry? How does each of these factors shape the growth and changes of the industry? What are the future trend of each factor and the resulting changes of the indu..

  Financial crisis and the subsequent recession

During the 2008 financial crisis and the subsequent recession, how did major U.S. banks respond to the actions of the Federal Reserve? How did those monetary policy actions affect U.S. businesses and households?

  About the entrepreneurs

Entrepreneurs do all of the following except:

  The fed has allowed the money supply to expand beyond

Recently, the Fed has allowed the money supply to expand beyond its long-term target range. Does this affect your expectation of what the Fed will decide at its upcoming meeting?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd