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a) What is the curse embodied in the standard production function? How does technological advance permit an economy to avoid this curse?
b ) In what significant way does knowledge capital vary from physical capital?
Business Economics, Economics
Two Countries Australia and France have their interest rates to be 8% and 2 %, respectively. If their currencies trade according to 2 Australian $s buy one euro in the spot market, what will their future spot rate be in ...
How does a high-tech industry differ from most other industries? Provide two examples.
A rainstorm in Portland, Oregon, wiped out the electricity in 10% of the households in the city. Suppose that a random sample of 70 Portland households is taken after the rainstorm. Estimate the number of households in t ...
What happens if wages and prices adjust very quickly in response to various shocks to the economy? Does this make business cycle, expansions and contractions in the economy, shorter or longer?
Define the international Fisher Effect and explain the fact of how it occurs. Is there any deviation from it?
According to a January 2013 survey by the Pew Research Center, the percentage of Americans who trust the government in Washington has decreased steadily since Bill Clinton left office.6 Today, approximately 30% of Americ ...
Suppose the market demand and market supply curves are given by the following equations: QD = 120 - 10P QS = 20P a. Draw a figure of supply and demand representing this market. Be sure to label the axes and intercepts. ( ...
A probability experiment consists of rolling a 6-sided die. What is the probability of rolling a number less than 6.
A bank credit card offered to 500 households; the responses to the offer are as follows. income $50,000 accept offer 50 40 Reject offer 250 160 What is the probability of the offer being accepted or income being > $50,00 ...
Under the trade model with external economies of scale, is it possible for a country to be worse off with trade than it would have been without trade? Justify your answer.
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