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Some economics textbooks refer to the factors of production as follows: Land, Labor, Capital, and Entrepreneurship.
Why does Peter Klein say that it is inaccurate to include entrepreneurship as one of the factors? Explain your answer.
Business Economics, Economics
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If the market for a good is operating in the inelastic range of market demand. Which of the two policy that follow is more effective when handling (technical) externalities: Cap-and-trade or emissions fee?
Suppose the market for candles is perfectly competitive and is currently in equilibrium what will happen if candles are later linked to more houses catching on fire.
Candidate A's pollster conducted a survey in which 450 out of 710 respondents indicated they would probably vote for Candidate A. Compute the confidence interval for the population.
During the winter of? 2008-2009, the average utility bill for residents of a certain state was ?$173 per month. A random sample of 30 customers was selected during the winter of? 2009-2010, and the average bill was found ...
I would like know what issues are in US about controlling pharmaceutical costs related to healthcare delivery, economics and policy. Who are the stakeholders and what are their role and the cause and effect?
If material hardness is normally distributed with a mean of 42 and a standard deviation of 1. Specification limits for hardness are from 35 to 45. When the fraction defective is 0.0017 what is the corresponding PPM?
How would I find out this probability? I keep getting -1 and that is not the right answer. It says the right answer is 0.1587 but I dont see how For X~ Normal(100, 10), What would be the probability that x is less than 9 ...
The managers of a car store observe that 70% of all the cars they sell are bought by people who already own a car. They also observe that 50% of the customers who come to the store but do not buy a car, already own one. ...
Imagine a small city Chambana with a labor demand function E=200-1/2w and a labor supply function E=2w-100. Assume that there is a sudden influx of 40 perfect substitutes immigrants. a. How does this affect the natives i ...
A manager has a utility function U = C 0.5 if she doesn't work hard and U = C 0.5 - 3 if she does. Expected profit will increase from 1,000 to 1,500 if she works hard. The manager receives compensation C equa ...
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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