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Are property rights necessary for long-run economic growth? Are property rights sufficient for long-run economic growth? Briefly explain with a few complete sentences.
Business Economics, Economics
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Consider the following production function that is already written in per worker terms: y = Akαh 1-α where h represents human capital per worker. Suppose we are given the following information: capital per worker in an e ...
What is the current balance of trade for the United States? Has this balance been increasing or decreasing? Based on the current economic conditions, how do you think this balance will move in the near future, and why?
Find the five number summary, Range, and interquartile range, and midrange for the data: 52,27,36,69,43,59,40,70,32
Can you someone help me highlight the mistakes and/or half-truths in each of the following statements. a. If one looks at the budget incidence the poor in South Africa benefit most from the budget of government. b. Expen ...
Does importation of foreign prescription drugs make sense and should it be allowed? For what reason should the importation of prescription drugs be denied? Are the pros and cons connected, what is better for the public?
A researcher wishes to? estimate,90?% ?confidence, the population proportion of adults who say chocolate is their favorite ice cream flavor. Her estimate must be accurate within 1% of the population proportion. ?(a) No p ...
Suppose we have a simple society with only 2 people. 1 person is rich and earns $100,000 per year. 1 person is poor and earns $25,000 per year a) What percentage of total income does the rich person earn? b) Now suppose ...
You have been selected to participate in a free-throw challenge for the halftime entertainment during a basketball game. You will have the opportunity to shoot 2 baskets, from the free-throw line. If you make one basket, ...
In a random sample of 50 ?refrigerators, the mean repair cost was ?$146.00 and the population standard deviation is ?$17.80. Construct a 90?% confidence interval for the population mean repair cost. Interpret the results ...
Can you provide the answer and explain why? The price elasticity of demand for a good will be greater the less available are suitable substitutes for this good the longer the time period considered for a group of related ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As