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Discuss what kind of fiscal policy would you recommend? Illustrate the impact of your recommendation in a fully labeled aggregate demand-aggregate supply graph.
With more job training and more scholarships to poor American students, which special factor of production is likely to grow faster than in the past?
Which factor of production earns the highest percentage of total U.S. income? What is the income earned by this factor of production called?
Define the factor of production called capital. Distinguish between the factor of production capital and financial capital.
How do you think the personal distribution of income would change if all graduates could obtain a well-paying job that uses their knowledge gained in college?
State some of the tradeoffs that Boeing faces in making the Dreamliner. Why might Boeing's decisions in making the Dreamliner be in the social interest?
Describe the changes in what, how, and for whom telecommunication services are produced in the global economy.
Which of the entries in List 1 are capital goods? Explain your choice. Which of the entries in List 1 are factors of production? Explain your choice.
Explain how the distribution of personal income in China can be getting more unequal even though the poorest 20 percent are getting richer.
On a graph of the circular flow model, indicate in which real or money flow each entry in List 2 belongs.
Poor India makes millionaires at fastest pace India, with world's largest population of poor people. How is personal distribution of income in India changing?
Describe how the opportunity cost of controlling malaria changes as more resources are used to reduce the number of malaria cases.
Representatives Waxman of California and Markey of Massachusetts proposed a law. Why would the Waxman-Markey law achieve production efficiency?
If it can, is this output efficient, do the people of Foodland face a tradeoff, and what is the opportunity cost of producing an additional pizza?
What factors shift the supply of loanable funds? What factors shift the demand for loanable funds? How do we apply the loanable funds market model?
What was the average annual economic growth rate in China over the 20 years from 1959 to 1978?
What do economists mean by the term institutions? How are institutions related to economic growth?
Many historical accounts credit the economic success of the United States to its abundance of natural resources. What is missing from this argument?
How is economic growth measured? What are five human welfare conditions that are positively affected by economic growth?
What are the three factors that influence economic growth? What is human capital, and how is it different from the quantity of workers available for work?
Why does economic growth matter? How do resources and technology contribute to economic growth? What institutions foster economic growth?
Use the AD-AS model to determine the effects on real GDP, unemployment, and the price level in Zhouland in both the short run and the long run.
Explain the importance of the loanable funds market to basic GDP in a macroeconomy.
If the rates of return on fine art purchases fall, how would you expect the allocation of retirement funds to change across the macroeconomy?
List the factors that affect the supply side of the loanable funds market. List the factors that affect the demand side of the loanable funds market.