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If all countries eliminated all barriers to immigration, would global economic growth increase? Why or why not?
Business Economics, Economics
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Global poverty is an international issue. Other countries are inclined to look to the U.S. with its great wealth to take an active role in assisting poor nations. People here spend money trying to counter baldness while ...
Assume P = 65 - 2Q. The cost per additional unit (MC) is zero for the first five units, and then $5 per unit after that. There are fixed costs of $50. Once the optimal level of output is determined, how much profit does ...
Elena's income is $600. She spends all of it on tickets to concerts and films. A concert ticket costs $30 and a film ticket costs $10. How many tickets of each type will be in Elena's optimal consumptionbundle? Her MRSCF ...
A person who is hit by lightning had a 1/4 chance of being killed. What is the probability that someone who is struck by lightning will live to tell about it?
Every day your friend commutes to school on the subway at 9 AM. If the subway is on time, she will stop for a $3 coffee on the way to class. If the subway is delayed she skips the coffee and goes straight to class. The p ...
22 subjects are randomly injected with different dosages of insulin (X) and reduction rate in their blood-sugar levels (Y) are recorded. The results are summarized as: ΣX = 132; ΣX 2 = 917; ΣY = 44; ΣY 2 = 348; ΣXY = 4 ...
Assume that a salesman learned the price elasticity of demand for his products is -2.0. How many percent will increase in the total sales (revenue) if he cuts the price by 10%? Show your calculation process
In an inquiry into the nature and causes of the wealth of nations, Adam Smith listed three reasons for productivity to increase with specialization. What are these three reasons?
New varieties of corn with altered amino acid content are being investigated for higher nutritional content. The two new varieties, opaque-2 and floury-2, were to be compared to the normal corn. Also different levels of ...
We have bottles of milk that have a mean of 20 oz and standard deviation of 0.02. What is the probability that a bottle would have a mean of more than 20.3 oz?
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