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What would you recommend Art to do, and why?

Economics Art’s Rental Equipment provides construction equipment, trailers, tools, etc., on short-term rentals. Historically, the owner (Art) has paid full price at the time of purchase for all the items that he rents out. However, he now wants to consider considering acquiring those items by either by leasing them or paying for them over time. […]

What is the equilibrium value? What is the rate of growth of output? What is the rate of growth of output per worker?

2. Growth theory a. Go to canvas and retrieve the file “Growth theory work sheet.xlsx”, and make a copy of it (so you can go back to the original version if something gets messed up). b. Open the work sheet and find the column that contains the production function. Ignoring, for the moment the values […]

How have they done in the past? What is their current state?

Directions Begin by reviewing the following websites as resources for your Assessment: Organisation for Economic Co-operation and Development (OECD). (2017). Economic indicators. Retrieved from http://www.oecd.org/std/oecdmaineconomicindicatorsmei.htm U.S. Department of Commerce. (n.d.). Key economic indicators. Retrieved from https://www.commerce.gov/economicindicators U.S. Bureau of Labor Statistics. (n.d.). Major economic indicators. Retrieved from https://www.bls.gov/bls/newsrels.htm Select 6–10 macroeconomic indicators that are of […]

Calculate the GDP by using the Factor Payment Approach or the Income Approach Method.

Economics Assignment 2 Questions: Chapter 10 & 11 (10 Marks) National income accounting deals with the aggregate measure of the outcome of economic activities. The most common measure of the aggregate production in an economy is Gross Domestic Product (GDP). The table below provides Country’s national income accounting. Use this data to answer the following […]

What determines whether you get convergence to the Nash equilibrium or divergence from the Nash equilibrium or cycles?

Micro Economics A group of 10 students are matched into pairs to play rock paper scissors. They must simultaneously make a shape with their hand; scissors beats paper, paper beats rock and rock beats scissors. The payoffs are R P S R 1,1 0,2 2,0 P 2,0 1,1 0,2 S 0,2 2,0 1,1 The game […]

Describe the demographic changes over time in China and India in the birth rate and the death rate.

Information Economics In your essay, clearly explain your hypothesis regarding how demography and GDP per capita are related. Describe the demographic changes over time in China and India in the birth rate and the death rate. When did the ratio of the working-age population to the non-working-age population peak? Compare the two countries to each […]

Explain the relationship between economic resources and claims to economic resources.

Economics Explain the relationship between economic resources and claims to economic resources. Why must this equation always balance? What transactions increase or decrease owner’s equity? How does net income or loss affect owner’s equity? Provide an example of a transaction, applied to the accounting equation.

Explain what a “high-level equilibrium trap” is in relation to population, and what led China to reach that by 1800.

1.What impact does the introduction of Indian cotton textiles have on Europe socially and economically? 2.Explain what a “high-level equilibrium trap” is in relation to population, and what led China to reach that by 1800. 3.In what ways did Napoleon change France and Europe? 4.What natural resources helped to prepare Britain to be the first […]

Briefly discuss how the approach in this paper is an improvement on other ways of addressing the equilibrium selection problem and also comment on any limitations.

Micro Economics Part 1 Equilibrium Selection Consider the following version of the example in section 2 of Kandori et al (1993). “Learn-ing, mutation, and long run equilibria in games” with students meeting in pairs every period to work together with each using one of two computer systems, si or 82. There are 9 students in […]

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