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Q. The process by which economics test hypotheses against facts to develop theories, principles also models are called Illustrate what?
Q. Assume a closed economy, perfectly elastic labor supply also linear technology. Assume theincremental capital-output ratio (ICOR) is 3, the depreciation rate is 3% also the gross savingsrate is 10%. Utilize the Harrod-Domar growth equation to conclude the rate of growth. Illustrate what would the gross savings rate have to be to achieve 5% growth?
Q. Since it is counted as investment, why doesn't the purchase of earthmoving equipment from China by a U.S. corporation increase U.S. GDP?
Even those who were not directly affected by the destruction were hurt because businesses failed or contracted and jobs dried up.
Demand graph to assist in explaining the increase in the price of chain saws after Hurricane Andrew. The mayo clinic in Minnesota is known for top-quality medical care.
5 ways to develop strategic business and briefly discuss differentiate, customer-oriented, understand clients need, r-s platform and management, active marketing, etc
You have been hired to manage a small manufacturing facility whose cost and production data.
Suppose you have a production technology that can be characterized by a learning curve. Every time you increase production by one unit
Assume that all other banks hold only the required amount of reserves.
Explicate how firms decide on where to produce depending on the marginal product and average product.
Does the patent system encourage duplicative efforts solely for the chance to be first.
An entrepreneur took a one-month leave of absence. Elucidate how many units did she have to sell To facilitate turn a profit
Assuming that under cost controls rationing is as inefficient as possible while under the quota, the allocation is as inefficient as possible.
His parents claimed that hospital doctors administered excessive oxygen to the baby and that this caused the blindness.
Using the Fisher equation Illustrate what can you infer about expected inflation in Canada also in the United State.
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