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If countries are first ranked by level or real GDP per capita, and then by the value of the Human Development Index, would you expect the ranking of countries to be similar or different? Explain Shocks to an economy, such as wars, famines, or the unification of two economies. often generate large one-time flows of workers across borders. What are the short-run and long-run effects on an economy of a one-time permanent increase in the stock of labor? Use a diagram to guide your arguments.
A facility for a production plant can be purchased for 155,000 with a down payment of 25,000.
Consider a simultaneous-move auction in which 2 players simultaneously select bids, which must be in nonnegative integer multiples of one cent.
Which segment of the population is one of the wealthiest in the U.S.?
In case of a Giffen good, income effect dominates substitution effect. All the points along the demand curve share the same elasticity. The marginal cost curve passes through the minimum point of the average fixed cost curve.
Dewey Cheatham is the new Vice President of Marketing for a large online search engine company, Pottstown Innovative Enterprises (AKA, PIE). Dewey has been doing some research into how he can increase the Company’s revenues and thereby really impress..
Elucidate why is private property also protection of property rights, so critical to the success of the marketplace system.
Suppose that in response to a foreign crisis, the government increases defense spending by $50 billion. How would the increase in defense affect the economy? How would the effects differ depending on the size and sign of the output gap when the cr..
Illustrate what is meant by the term "natural monopoly" and what are the key characteristics.
disposable personal income decreases by $50 billion and trade deficit is reduced by $15 billion. By how much has national income (Y) change.
in the 1990s five firms supplied amateur color film in the united states kodak fuji konica agfa and 3m. from a
q1. if unit labor costs in spain and portugal rise but unit labor costs in germany decline and other producer prices
Generally describing the business also include a plot of the Price also Quantity data that you obtained.
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