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1. What impact do natural resources have on economic growth? Will it be possible for a country with few natural resources to grow rapidly? Why or why not.
2. Suppose you have just been appointed to a high level position in the economic analysis unit of the State Department. The secretary of state has asked you to prepare a memo describing the key policies and economic arrangements that a specific lessdeveloped country should follow in order to achieve rapid growth and higher income levels. During your research, you discover that multiple Christian aid organizations have been working in the country to assist the local population. Briefly describe your response (2-3 paragraphs). Be sure to indicate why each factor you mention is important if a nation is going to attain a high level of economic progress.
3. Using the most recent available rankings of Economic Freedom available at https://www.heritage.org/index/ranking, indicate five of the world's economies that are the most free. Using textbook information, indicate how income levels and growth rates of freer economies compare with those that are less free.
4. Has the United States become more or less economically free during the past decade? What impact will this have on the future economic growth of the United States?
Suppose Fred deposits $8,000 in cash into his checking account at the Bank of Bonzo. The Bank of Bonzo has no excess reserves and is subject to a 5 percent required reserve ratio. What is the maximum amount of deposits that can be created from Fred’s..
BudgetSurplus: The amount by which government revenues exceedgovernment expenditures in a given year. PublicDebt: The total accumulation of the FederalGovernment's total deficits and surpluses which have occurredthrough time.
Dividends paid reduce the net income that is reported on a company's income statement - we would normally expect to see its book value per share exceed its stock price, especially after several years of high inflation
Kyoko spends all of her money on magazines and beignets
A major breakthrough that allows for on-site generation of electricity for an investment in the generating capacity but after that essentially a zero variable cost of electricity.
You are given only three quarterly seasonal indices and quarterly seasonally adjusted data for the entire year. What is the raw data value for Q4
Both monopolistic competition and oligopoly are market structures
much has been made of the fact that people dont consistently act with scientific rationality. what is meant by
According to the monetarists, which of the following is true?
If the size of the expenditure multiplier is a = 2, show the effect of an increase in government purchases by DG = 200 on income and the interest rate.
Describe the process as to how GDP can increase once a closed economy opens up to the rest of the world. How does this opening up of the closed economy affect domestic prices and economic welfare?
Suppose instead that the price of DVDs is $20. Now what is the profit-maximizing quantity of DVDs that Bob should produce? What will his total profit be now? Will he produce or shut down in the short run? Will he stay in the industry or exit in the l..
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