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What has happened to real GDP per person in the industrialized countries over the past century? What implications does this have for the average person?
The subsequent tables Explain how the trade-offs you face in allocating the time you will spend in studying each subject.
Illustrate what would the benefits of each action be (besides emissions reduction). Illustrate what would the costs of each action be.
q1. suppose that businesses buy a total of 100 billion of the four resources labor land capital and entrepreneurial
The natural environment poses a problem for economic theory. Even if we accept, for the sake of argument, that the free market serves employer and employee, buyer and seller, equally, the environment may be harmed by market transactions.
American exports cheaper or more expensive for importers of U.S. goods in Great Britain. Elucidate by showing the price of a U.S. cell phone in Britain, before and after the change in the exchange rate.
Explicate your rationale. Once more, with the similar organization in mind, converse the most effective way to maintain also extend a competitive benefit.
Illustrate what does the theory of purchasing power parity predict will happen to the value of Japanese yen in item of dollars
The following information is for the US economy in 1998: Find the US labor force, the number unemployed and the unemployment rate for 1998. Numbers are in millions. Hint: start with population and kick out all those not in the labor forces.
The unemployment rate measures only the fraction of the labor force searching for work. Sometimes economists are interested in the length of time that unemployed have been out of work. One convenient summary measure is the median duration of unemploy..
Discuss the following situation (a) from the strictly legal viewpoint, (b) from a moral and ethical viewpoint, and (c) from the point of view of what is best in the long run for the company. Be sure to consider both short- and long-range consequences..
Can firm losing money go out of business in the short run? If it can’t, explain why not. On what basis does a firm decide whether or not to shut down? On what basis does it decide whether or not to go out of business? If the perfect competitor is los..
Illustrate what should the prod level if fixed costs rose to $50000 per month Explicate.
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