Question: From the College Scorecard, average costs of attending UCR is $13,144. Average salary for UCR attendees is $47,200 Average salary of someone who does not attend college is roughly $33,800 ($651/week from slides ...
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Question: An economy has a saving rate of s= .08, a depreciation rate of .02, a population growth rate of n= .03, and a growth rate of effective labor of g= .05. a. the capital-output ratio, k/y, for this economy is: b. ...
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Question: Jones purchases medical care from Smith, and the benefits from the exchange are divided between them. Is Smith profiting from Jones's misfortune? Does it matter for economic analysis how the transaction is desc ...
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Question: In the case of the diamond, duplicative mineshafts were a waste of economic resources, and the law makes them unprofitable. Instead of a diamond, what if a number of independent inventors are racing to be the f ...
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Question: Bricklaying is a labour-intensive activity. One Hod carrier can provide mortar for two bricklayers (A Hod carrier is a labourer who carries material for the bricklayer). If the company attempted to increase pro ...
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Question: Assume real GDP is $9,000 billion, and disposable income is $6,000 billion. The government cuts personal income taxes by 1% of DI (i.e., $60 billion). As a result, interest rates rise by 2/3%. Assume transfer p ...
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Question: In 1980, the inflation rate in the US was 12.5%. At that time, the consensus outlook claimed inflation could not decline by more than 1% per year. That turned out to be incorrect, as it fell to 3.8% in 1982 and ...
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Question: The U.S. legal system generally requires that each party to a civil dispute be responsible for its own legal fees. In England the loser pays the winner's legal fees as well as its own. Do you expect to see more ...
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Question: A farm equipment manufacturer has already spent $3 million in research and development to design a new model of tractor. To produce the tractors, the company will have to contract to rent a factory for a year a ...
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Question: What were the business cycles and long-term trend of the economy from the 1960s to now, and the main factors behind its growth? The response must be typed, single spaced, must be in times new roman font (size 1 ...
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