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greece has few workers per unit of land while france has many workers per unit of land steel is labor intensive and rice is land intensive according
suppose in the solow growth model that s25 n02 d08 and fk k3asuppose that z2 what is the steady state level of capital per worker and consumption per
in order to reduce farm output raise farm prices and thus raise farm incomes revenues the government pays farmers to set aside a portion of their
market supply of labor the following table shows the hours per week supplied to a particular market by three individuals at various wage rates
ted has preferences given by the utility function ukl k 2l where k pounds of kale per month and l pounds of lettuce per montha what is teds
blutarsky is throwing a party at his fraternity and is trying to choose how much beer and vodka to buy a bottle of vodka has four times the alcohol
suppose that the equation for autonomous planned spending ap is ap6200-200r and the value of the multiplierk is 25a derive the equation for the is
summarize an article using at least three economic terms and theories covered in class identify the impact of the policy on demand or supply of the
saras income is 12 a week the price of popcorn is 3 a bag and the price of a cola is 3 a cana what is saras real income in terms of colab what is her
jason enjoys dvds and spy novels and spends 60 a month on them the price of a dvd is 20 and the price of a spy novel is 10a what is jasons real
the night before an economic exam you decide to go to the movies instead of staying home and working your myeconlab study plan you get 50 percent on
suppose that in 1984 the total output in a single-good economy was 10000 buckets of chicken and the price of each bucket of chicken was 10 in 2005
the federal reserve buys bonds in the open market an open market purchase what are the affects on monetary base the money multiplier and money supply
calculating elasticity draw a set of coordinate axes on a piece of graph paper label horizontal axixs from 0-50 units and vertical axis from 0- 20
alpha and beta two tiny islands off the east coast of tricoli produce pearls and pineapples the production-possibilities schedules in the table below
suppose the price of housing increases to 3 but the price of food stays at 10rewrite janes budget constraint and draw it on a graphnow suppose the
you are a member of the metropolitan taxi commission which sets taxi fares for your city you have been told that long lines of taxis form at the
during the late 1980 and early 1990s economic reforms initiated by soviet president mikhail gorbachev began to raise consumer incomes but the soviet
describe the characteristics of the lattice organization at wl gore as described by gary hamel which elements in gores model are compelling to you
the following show data on investment rates and output per worker for two pairs of countries for each country pair calculate the ratio of gdp per
1 occurs when a firm cuts prices below production costs in a deliberate attempt to drive competitors out of business a voracious dumpingb ravaging
1 according to one automobile group after the city imposed the congestion fee average speeds in central londona increased by 25b doubledc increased
how have you responded to increases in the price of gasoline over the past few years how would you respond if the price of gasoline doubled over the
the abc company has contracted to make the following payments 10000 immediately 1000 at the end of year 1 1500 at the end of year 2 2000 at the end