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1. Explain why both nations with high living standards and nations with low living standards face the problem of scarcity. If you won $1 million in a lottery, would you escape the scarcity problem?
2. Why isn't money considered capital in economics?
mac rowe doesnt sweat the petty stuff. in fact he just cannot detect small differences. he consumes two goods x and y.
Which of these is closest to the winning price?
What are some explanations for the global deceleration of economic growth since the early 1970s, and what are the prospects for reversing this trend?
Weight retained on No. 50 sieve, g = 135 Weight retained on No. 100 sieve, g = 120 Weight retained on No. 200 sieve, g = 20 Is this sand suitable for making concrete?
How do you explain economies of large-scale production? Why do certain businesses, such as cigarette manufacture, seem to enjoy them, whereas other businesses, such as barbering, do not?
A chi-square "goodness-of-fit" analysis of arrival rates for the past months indicates a Poisson distribution. Data on unloading times for this period may be assumed to follow a negative exponential distribution.
Should this offer fundamentally alter the outcome of the game? (Hint: Think about this problem using backward induction!)
Explain under what conditions the incurring of a government deficit and subsequent borrowing by issuing bonds leads to a crowding out of private investment.
Calculate and describe the effect of changing the savings rate on the multiplier. the given problem is: 20 years agothe average savings rate was 20 percent of disposable income.
Why is the optimal value of γ not equal to some γ∗ ≥ 1/(1- β)? Provide an interpretation in terms of the trade-off between level and growth effects.
Frequently we read in the newspaper that one should lease a car rather than buying it. For a typical 24-month lease on a car costing $9400, the monthly lease charge is about $267. At the end of the 24 months, the car is returned to the lease compa..
Explain how a database could be recovered via reprocessing. Why is this generally not feasible?
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