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1. The GI Bill provided educational opportunities to many young men returning from military service. Using a production possibilities curve, demonstrate how the GI Bill affected economic growth and explain your answer.
2. Why is China still poor in per capita terms despite having the second-largest economy in the world in terms of real GDP?
3. Does the political freedom existing in democracies always aid economic grow
4. What is the relationship between savings, capital formation, and consumption?
5. According to Malthus, how do economic growth and population relate to each other?
The U.S. Treasury bill is yielding 2.6% and the return on the market is 11.2%. The corporate tax rate is 30%. What is the firm's weighted average cost of capital?
The production function is given as f(L, K) = L2 K . In the short run, K is fixed at 1. The price of L is $3 per unit and price of K is $5. In order to produce 100 units as a desired output, how much is the total cost? What is the price elasticity of..
Describe the benefits and risks entailed with an experimental approach to regression analysis.
A firm in a perfectly competitive market will produce no output in the short run if the price is below $20 but will produce if the price is above $20. The smallest quantity they will produce in the short run is 6. Firms will earn 0 economic profits i..
Illustrate what closing time should Citywide Spirits Shoppe choose to maximize profits.
If US real income increases, then the prediction of the monetary model of exchange rates would be that the US dollar would:
We mentioned Milton Friedman's advice that central bankers should follow a "fixed money growth rule," where the broad money supply (M1 or M2) grows the same rate every year. What is the difference between a fixed money growth rule and nominal GDP tar..
You are responsible for creating an ad that will hopefully entice more consumption of your product or service. Describe for me a couple of items that you want to say to your consumers through your ad?
Provide one quote and its context for both a positive and normative statement. Evaluate the statement choices of your fellow students.
The maintenance foreman of a plant in reviewing his records found that maintenance costs on a large press had increased with sales of a product that will decline in the future. 5 Years Ago $600 4 Years Ago $700 3 Years Ago $800 2 Years Ago $900 Last ..
Assess the following situation and calculate the expected percentage of depreciation: the spot rate of the British pound at the moment is $1.73, while the anticipated spot rate a year from today is $1.66.
The first cost of a production machine is $75,000. The machine will generate net annual income of $13,275 during its useful life of 10 years. Determine the rate of return of on investment in this machine. Express the answer as an integer. For example..
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