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Calculate how much higher U.S. labor productivity will be in the year 2028 (relative to 2008) if productivity growth falls to 1.4 percent per year, its average rate during the period 1973-1995.
Through its policies and institutions, how has the US influence US long run economic growth? Why might persistently large borrowing by the US government ultimately limit long run economic growth in th
Explain the relationship between savings and investment as well asthe relationship between private savings and government savings.What are the implications of the current saving behavior ofAmericans o
Describe the normal reasons why a currency undergoes asignificant depreciation and what were the importantcharacteristics of the Asian countries involved in the crisis?
Under certain circumstances, expansionary Fed policy may not have much of an effect on the rate of economic growth. Give a reason why, and explain?
Leaving aside any normative issues involved in this discussion,what would happen to the level of demand for union workers in theU.S. if the anti-sweatshop movement is successful?
Howdoes the supply and demand for labor relate to our economy? Why is labor considered to be a factor ofproduction? Why do some individuals earn more money thanothers in our economy?
Define the four Market Models that we discussed in this course. Give an example of each. In your opinion is onebetter than the other and why?
Explain how these twodemands can be combined graphically to determine total moneydemand. How is the equilibrium interest rate in the moneymarket determined?
Jodie earns 25,000 atthe end of year 1,when the CPI was 460. If the CPI at the end ofyear 2 is 504, what would Jodie have to earn at the end of year 2to maintain a constant real wage?What would she ah
We often find that for theSuper Bowl the quantity of tickets demanded is greater than thequantity of tickets supplied. This results in a shortage oftickets. How does the market resolve this prob
The long-run equality of price and minimum average total cost means that competitive firms will use the most efficient know technology and charge the lowest price consistent with their production cost
Suppose that the economy starts at equilibrium and the mpc = 0.8.What would be the effect of a 500 increase intaxes once all the rounds of the multiplier process are complete?
In 2008, the price of crude oil (per barrel) set an all-time record of approximately $147 and then sank to near $40 by the end of the year. Since crude oil is a resource that is used in many industrie
The profit on a gold necklace is $15 and the profit on the goldbracelet is $25. A jeweler's showcase has room for at most 60necklaces and bracelets combined. The demand for the necklaces isat least 3
Identify & describe two different roles that interest rates play in the economy. Does a change in an interest rate indicate that a change in some part of the economy is occurring? Explain.
An office has traditionally ordered ink refill 60 units at atime. it is estimated that the carry cost is 40 of the $30 unitcost the annual demand is 240 units and ordering cost is 40 perorderinstead,
Is income inequality as it exists in the United States at presentbeneficial to the market? Why or why not?
The overall framework for carrying out an economic efficiency analysis on the basis of benefit and cost considerations is illustrated as Figure 8.4 of text book Transport and Decision Making (Principl
Using demand and supply analysis to assistyou, what are the effects on the exchange rate between the Britishpound and the Japanese yen from: a decrease in Japaneseinterest rates. Please respond by sta
What is the percentage of this problem a country has a population of 2,130,819, and another country's has a population of 11,862,740 what is the percentage when you compare the two countries?
Identify three effects that trade barriers can have on an economy,its industries, and the firms within those industries. Are theseeffects beneficial or detrimental?
What do we meanwhen we say that a firm is a perfect competitor in the productand labor markets? Does it have anything to do with many firmsproducing the same good with the same type of labor?
Balance sheet: equipment = 500, inventories 100, receivables70, payables = 50, debt = 300
Suppose you have $20,000 cash today and can invest it at an interest rate of 10% compounded each year. How many years (to the nearest one-tenth year, xx.x) will it take you to become a millionaire?