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Question: Is the unemployment rate in Europe today higher or lower than in the United States? What about hours worked per person? What are some possible explanations for the differences?
Computing an allocation for a planned socialist economy is prone to great computational difficulties.
Briefly explain the ideas of virtuous circles. Can you give two different examples of virtuous circles that might affect a less-developed economy?
If research proved that malt in beer prolonged life would consumers change their consumption of beer? Explain your answer
you operate your own small building company and have decided to bid on a government contract to build a pedestrian
Discuss the market structures and ownership that existed prior to 1972 and the ones which emerged after privatisation in 1989. What economic factors contributed to the restructuring of the water industry?
Discuss how you can influence the chief executive officer (CEO) to consider expansion and new technology.
Question - In no less than 150 words Describe the characteristics of perfect competition
How were the stakeholders affected - What initiated the change and how well has it been received or accepted, and why?
Suppose XYZ can sell up to 40 units of output per hour at a price of $.60 per unit but cannot even get a penny for units produced in excess of 40 units per hour. How much output should XYZ produce each hour in order to maximize profits?
Reflect on your current company. In general, has productivity increased, decreased, or remained stagnant? Explain. Using items discussed in the materials, what is your company doing throughout its operations to sustain or improve productivity?
consider the following production function y fkl a k0.4 l1.0a. calculate the marginal product of labor.b. does this
Identify who has the absolute advantage in painting rooms? Who has the absolute advantage in installing windows? Briefly explain how you derived your answer.
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