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1. Why is China still poor in per capita terms despite having the second-largest economy in the world in terms of real GDP?
2. What is the relationship between savings, capital formation, and consumption?
3. List the various reasons that contributed to the financial crisis that occurred in 2008 (in at least 95 words)
Suppose that Rob and Big both raise animals and sell them. Because Rob and Big have different talents, they have varying abilities to raise these animals.
f she feels that the fist pound of potatoes is worth $1.50, the second pound is worth $1.14, the third pound is worth $1.05, and all the subsequent pounds are worth $0.30, how many pounds of potatoes will she purchase?
Explain how would the subsiquent changes in price affect total revenue. What are the major determinants of price elasticity of demand.
Why might you expect to see flat royalty payments in home-based franchises but revenue-based royalties in franchises that operate from commercial buildings HINT: Among the most popular home-based franchises are cleaning services offered to business..
consider the economices of spain and the united states. in spain unemployment is 25.1. there suppose that in a given
Evaluate the following policies in terms of their effect on "the greatest happiness the greatest number." (Think about market failures and failures of markets: how do the policies suggested correct problems with the functioning of the market
B and R, a reputable East Coast Bank, has developed a portfolio of assets that is selling quite well on the market. This particular portfolio is a series of call options.
In the fall of 2003, many analysts predicted that the dollar would fall in value relative to other currencies because the trade deficit in the United States had become too large. What effect would a fall in the dollar have on growth in the rest of th..
Determine the price elasticity of demand for a resource. Why is it important and what is it used for.
What if you lived on a tropical island with such abundant fish and game, fruits and berries, natural shelters like caves, and firewood that the citizens did not have to work and GDP was very low Would the citizens' sense of well-being be lower tha..
To the right is a list of domestic output and national income figures for a certain year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditures and the income approa..
Explain what happens in each graph (A, B, and C) when an economy is moving from a recession (point a) back to full employment.
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