What will promote long run economic growth

Assignment Help Managerial Economics
Reference no: EM13974913

1. Politicians often promise economic growth. What has to happen for this to occur? What will promote long run economic growth? What is the best way to measure it? Defend your preferred approach to economic growth. Include nominal, real, GDP per capita, rule of 70, scale, resources, and productivity.

Reference no: EM13974913

Questions Cloud

What are the components of aggregate expenditure : What are the components of aggregate expenditure? In the model developed in this chapter, which components vary with changes in the level of real GDP? What determines the slope of the aggregate expenditure line?
The legal environment of international business : Part One of your textbook covers the first three chapters and is titled "The Legal Environment of International Business."  There are three forms of international business, or methods of entering a foreign market. What are they and which internationa..
How can the present situation be corrected : Payton Corporation had decided to respond to a government RFP for the R&D phase on a new project. How can the present situation be corrected? Is there any way this situation can be prevented from recurring
Temperature in oven at four different places every half hour : A new industrial oven has just been installed. To test the temperatures of the oven, the inspector reads the temperature in the oven at four different places every half hour. Set up a mean chart. Mark the upper and lower control limits and the center..
What will promote long run economic growth : What has to happen for this to occur? What will promote long run economic growth? What is the best way to measure it? Defend your preferred approach to economic growth.
How often should a reconciliation of the cash account occur : If an Accounts Receivable account is not eventually converted into cash, what happens to the amount of money in the account after a pre-determined period of time?
What is the PW of a cash flow that pays : The inflation rate of Price land is at 3%. It is predicted to stay at 3% for the next 5 years, and drop to (and stay at) 2% after 5 years. What is the PW of a cash flow that pays $1000 per year forever if the real rate of return is 5%?
Result of advertising in monopolistically competitive market : Which of the following can occur as a result of advertising in a monopolistically competitive market? Check all that apply.
Adjustments affect the slope of the aggregate supply curve : In the short run, prices may rise faster than costs. This chapter discusses why this might happen. Suppose that labor and management agree to adjust wages continuously for any changes in the price level. How would such adjustments affect the slope of..

Reviews

Write a Review

Managerial Economics Questions & Answers

  More firms are charging similar prices

What evidence would you need to determine the existence of collusion?

  Disucss the influences of price elasticity of demand

Post a memo to explain the factors that contribute to the elasticity of goods. Also incorporate a real-life example of price elasticity of demand, and discuss how it impacts the economy.

  Discuss the potential benefits and costs of the new plan

Your company currently has a bonus plan for its sales managers. Discuss the potential benefits and costs of the new plan relative to the old plan.

  Determine the optimal price of product

After a 10 percent price discount, a company found that its weekly sales increased by 30 percent. If the marginal cost (MC) of this product is $40 each, determine the optimal price for this product?

  Why would a person ever buy insurance

Insurance companies have to generate enough revenue to cover their costs and make a normal profit-otherwise. Why would a person ever buy insurance, knowing that the price is greater than the expected payout?

  What type of restaurant she is going to start

Patricia is researching venues for a restaurant business. She is evaluating three major attributes that she considers important in her choice: taste, location, and price. The value she places on each attribute, however, differs according to what type..

  What is the dark side of self esteem

What is the dark side of self-esteem? What impact does low self-esteem have on behavior?

  If both demand and supply change,

Consider the four possible combinations and sketch them if necessary:

  Calculating conversion costs

The Rainbow Paint Company uses a process costing system. Materials are added at the starting of process and conversion costs are incurred uniformly.

  What would be the implications of each policy

Ford might achieve perk parity by upgrading U.S. facilities or by reducing Swedish facilities. What would be the implications of each policy? Ford might live with different levels of perks. What would be the implications?

  Question related to game theory

Corporation X declares that if it decrease its price subsequent to a buy, the early customer will get a rebate so that he or she will pay no more than those purchasing after the price reduction.

  Plot a budget line for a representative consumer

Plot a budget line for a representative consumer both before and after the voucher program. Do you expect that current consumption of a typical consumer will increase by the full 100,000 yen of the voucher? Explain.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd