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1 What is real GNP per capita?
2 What are the key determinants of economic growth?
3 What is balanced growth?
4 What factors led to the importance of leisure and tourism in the economy of Spain?
5 What are the advantages and problems of joint ventures for the Chinese economy?
a farmer grows either corn or wheat on her 1057-acre farm. initially the prices of both are equal to 207 per acre
Explain why in a monopolistic industry, if demand and cost curves are the same as those of a competitive industry, and if the demand curve has a negative slope and the supply curve has a positive slope, then monopoly output will be lower and price..
The bonds have the characteristics - What is the value of the bonds?
Consider the "Beauty Contest" or guessing game experiment. Everybody picks an integer between 0 and 100 inclusive, and the winner is the person who picks closest to 2/3 of the average pick. a) What picks are ruled out by the idea of one level of it..
What are the values in 2000 dollars of Nancy's monthly mortgage payments in 2001, 2002, 2003, and 2004 and list and describe four determinants of productivity.
Given the elasticities in the above question and assuming that higher gasoline taxes would not shift either the SUV supply curve or the hybrid supply curve, explain how higher gasoline taxes would affect the equilibrium price and quantity of SUV's..
(a) Assume a competitive labor market. Draw the demand of labor curve for an individual firm. Assume that the firm faces a labor supply curve that is neither perfectly inelastic nor perfectly elastic. If the firm has the ability to command more ef..
Consider a market where demand is: P = 6 - Q and supply is S: P = Q. 1. Equilibrium quantity Qe is Total surplus TS is (do not forget to account for the subsidy expenditure SE) Construct a budget neutral subsidy in the above market.
1. use the model of supply and demand to explain how a fall in the price of frozen yogurt would affect the price of ice
Making dresses is a labour-intensive process. Indeed, the production function of a dress-making firm is well described by the equation Q = L - L 2 /800, where Q denotes the number of dresses per week and L is the number of labour-hours per week.
Mark's employer pays for 55 percent of the premiums for a disability insurance policy and Mark pays for the other 45 percent. The policy pays Mark 65 percent of his normal salary
"Loans are just like used cars. If you see an ad in the paper for a used care, you have to wonder , why is the owner selling it? Mayber there is something wrong with the care that is hared to see. As a result, when you approach the seller, you wil..
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