ECON Final 1. Graphically and verbally explain why an increase in retail sales during Christmas 2011 will boost GDP growth in Q1 2012. 2. Why do the Major League Baseball (MLB) owners want to hire more Latino and Asian players than African-American players? NOTE: this is NOT a political or racial question. Use your knowledge of Economics only! The economic situation is Latin and many Asian countries are a lot worse off than in America‚ so in turn hiring more Latino and Asian baseball
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ECON 2202-001 Intermediate Macroeconomics Chapter 8 Homework Assignment 8-1. In the United States‚ the capital share of GDP is about 30 percent‚ the average growth in output is about 3 percent per year‚ the depreciation rate is about 4 percent per year‚ and the capital–output ratio is about 2.5. Suppose that the production function is Cobb–Douglas‚ so that the capital share in output is constant‚ and that the United States has been in a steady state. (For a discussion of the Cobb–Douglas production
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Econ 204 Name Institution Date Question 1 Avatar: 218.1× 760.50/214.5 = 773.26 Titanic: 218.1 × 600.8/160.5 = 816.41 Star Wars: 218.1 × 461/60.5 = 1661.89 Shrek 2: 218.1 × 437.2/188.9 = 504.78 E.T The Extra-Terrestrial: 218.1 × 399.9/96.5 = 903.82 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |Movies |Nominal Box Office |Year Released
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Econ 340 10/10/2013 Assignment 6 Marginal Analysis and the Optimal Level of Quality 1.) The Standard cost of quality model is similar to the group size model because both models reach an optimal “size” or “level” of “perfection”. These models are similar because they both have a definition of what is technically perfect although there may be other complications such as overcrowding‚ lack of quality‚ or other available alternatives. In the Standard cost of quality model this “level
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Econ Final 1. A stock portfolio containing 80% common stocks is most likely to be appropriate for: a. 2. A single most important reason for investing is for: a. Retirement 3. Only the strongest‚ most stable and safe-return. a. Blue-chips 4. Companies whose earning have increased at an above-average level over the recent past are called. a. Growth Companies 5. Stocks whose price movements who tend to follow the business cycle are called: a. Cyclical Stocks 6. Stocks are really purchased
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Econ 333 10/18/13 Assignment 3 Chapter 3: Questions for Discussion 1. The distinctions among the stages-of-growth theory of development‚ the structural-change models of Lewis and Chenery‚ and the theory of international dependence is that each one takes into account different factors or focuses on specific factors. The Stages-of-growth theory has a five stage to which a developing nation must go through. The Structural-change model of Lewis focuses on a developing country transforming itself
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ECON (2155) DOCUMENT DATA EXERCISE #1 Consists of four parts Part 1: Expenditures Approach to Calculating GDP (weight 25% of the assignment grade) Complete the following exercise Visit the Bureau of Economic Analysis Web site at www.bea.gov In U.S. Economic Accounts under National click on Gross Domestic Product (GDP)‚ then Interactive Tables: GDP and the National Income and Product Account (NIPA) Historical Tables‚ click “Begin using the data”‚ and use Section 1 - Tables 1.1.5 and 1.1.6 to
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Schulich School of Business Mokhles Hossain York University Fall 2012 Econ 2000 Applied Macroeconomics Assignment # 1 Solution Value: 100 Due: Thursday‚ October 11‚ 2012 NOTE: Late assignments will not be accepted Show all your work to get full marks Assignments must be typed (except for diagrams) Question 1 (10 points) Suppose i) Identify the endogenous and exogenous variables of the model. There are three variables and four constants (two intercepts
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MID-TERM EXAM: ECON 2123 (Macroeconomics) Professor Yong Wang 10am-12pm‚ November 3‚ 2012 NAME ID# Instructions. There are three parts (12 pages) in this exam. Justify your answers in Part 2 and Part 3. Don’ panic even if you …nd some question di¢ cult; it may be di¢ cult for others t as well. Allocate your time wisely: answer the easy questions …rst and do not dwell on a single question for too long. An important way to please your grader is to write your answers neatly. No electronic
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Incentives: rewards that encourage action or penalties that discourage action. • Economics studies the allocation of scarce recourses among people • Alfred marshell (1842-1924) shaped macro economics • Joan robinson: “ the main reason to study econ is to avoid being fooled by it Two main parts: A) Microeconomics: studying the choice of individual decision makers. And how they interact in markets B) macroeconomics: how the overall economy performs. 2 big questions 1. What‚ how and
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