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If the population of the United States suddenly grew because of a large wave of immigration, what would happen to wages? What would happen to the rents earned by owners of land and capital? Provide specific examples to support your answers.
______An organizational form that is based on direct lines of authority from the top executive to the lowest level of employees is called
What is the different between interpretation of coefficient in SLRM and MLRM? How does it relate to omitted variable bias? How about a linear versus nonlinear multiple regression model coefficients? (quadratic). What is the role of controls?
Bank of America is involved in the banking of over 80 countries and helps countries to finance the government as well as businesses. Bank of America has the largest market share in the banking industry. Is it a monopoly that controls the entire banki..
Suppose Ann's marginal rate of substitution between good y and good x is -2. Bill's marginal rate of substitution between good y and good x is -3. each consumer has 10 units of each good. Propose a trade between Ann and Bill that would make each cons..
Describe the difference in economic profit between a competitive and a monopolistic in both the short and long run. Which should take longer to reach the long-run equilibrium?
Some economists have suggested that the best way to control medical costs is to remove the profit incentive for health care providers, particularly hospitals.
Assume that domestic US savings equals domestic US investment, why would you think that in this case the “glut of savings” from China could be destabilizing in the US?
Jimmy deposits $3,200 now, $2,100 3 years from now, and $4,600 6 years from now. Interest is 7% for the first 3 years and 10% for the last 3 years. How much money will be in the fund at the end of 6 years? What is the present worth of the fund?
Suppose that since some base year, the price index (or GDP deflator) has increased from 100 to 125. During the same time period, NOMINAL GDP has increased from $500 billion to $600 billion. What is the value of REAL GDP at the end of this period -exp..
Which of the following statements best reflects the macroeconomic advice of the great economist John Maynard Keynes?
Explain how convinced are you that the new 30-gallon trash bag is the strongest such bag on the market.
Most hospitals in Great Britain are owned by the government (part of the National Health Service), and the doctors who work in them are employees of the hospital. In what ways do you think their behavior would differ from comparable doctors in a not-..
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