Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Solved Assignments
Asked Questions
Answered Questions
a small industrialized country initially has no trading links with a large but closed cen- trally-planned economy that
1 does popular resentment against free trade simply reect economic illiteracy or more deep-seated political issues2
imagine a reunion in 10 years time with your classmates under one scenario you nd that although your income rose 50
1 in some oecd countries agriculture is heavily protected and governments provide public support at least in part to
1 why is world trade rising faster than world output why is so much trade in manufactured goods2 review your
suppose the probability of a worker losing his or her job in a year is 2 the probabil- ity of someone unemployed nding
in an economy rms set prices at a markup of 20 over costs costs are all in the form of wages so that p 12 w labor
a family has a target of 1500 for the income that it needs to earn each week both adults in the family work at exible
1 the united kingdom and the united states have highly deregulated labor markets and have also seen much larger
1 if generous welfare payments support the long-term unemployed is employment pro- tection legislation a good thing2 is
in greece the participation rate as percentage of working-age population in 1998 for men aged 15-24 was 443 aged 24-54
1 draw the mpk schedule so that over a certain initial range of capital there is increas- ing mpk and then this is
suppose that two economies share a common steady state so that there is convergence between them the poorer country
1 what incentives do pharmaceutical companies have to undertake rampd in medicines for treating aids malaria erectile
1 do empirical studies of the determinants of the steady state tell us anything more than that the richest economies
1 consider some of the items you regularly purchase and how they have been affected by ict which sectorsrms have
1 how would a technological development that boosted output but produced a higher depreciation rate affect output and
1 consider an economy well known to you and assess which factors of its tfp are relatively strong compared to other
use the cobb-douglas production function of question 1 where a 03 and a deprecia- tion rate of 01 examine the steady
the steady state level of consumption in an economy css is equal to steady state out- put yss minus steady state
consider separately the case of decreasing constant and increasing marginal product of capital and where investors can
gdp in an economy is growing at 3 a year in real terms population is constant the government decides to allow a
1 the united states is one of the richest nations in the world and benets from high lev- els of tfp what features of us
what is gdp suppose consumption increases by 10 but output only rises by 5 invest- ment and government spending both
consider an economy with three productive sectors mining and farming manufactur- ing and retailing manufacturers