What is the ethical philosophies
Assignment:
Why should a law have to be passed to require people to do the "right" thing in business? What ethical philosophies contribute to your answer and why?
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If both labor and capital grow at 1 percent per year, what would the growth rate of total factor productivity have to be?
What would be the effect (on output) of increasing the capital stock by 10 percent? What would be the effect of increasing the pool of labor by 10 percent?
Discuss the adjustment process of the economy, and using Figure 3-5 , show what happens to growth in the short run and in the long run.
What will happen to output per head if capital and labor both grow but Z is fixed?
What is the average price received for each issued preferred share? What is the average price received for each issued common share?
What are capital's and labor's shares of income? At what rate is per capita output growing at the steady state? At what rate is total output growing?
Show the new steady-state equilibrium. What has happened to per capita saving and the capital-labor ratio? What happens to output per capita?
What is endogenous growth? How do endogenous growth models differ from the neoclassical models of growth presented?
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