An improvement in one of the four supply factors is a sufficient condition for economic growth. Evaluate
Please provide the best answer for the statement.
An increase in at least one of the four supply factors is a necessary condition for economic growth, but not sufficient. An increase or improvement in the supply factors will increase the potential size of an economy’s GDP. The other factors, demand and efficiency, are required to reach that potential. Households, businesses, and the government must expand their purchases of and services to provide a market for the output. The economy must also use the least costly way to produce the specific mix of goods and services that maximizes people’s well-being.
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The expected return on dollar deposits in terms of foreign currency can be written as the ________ of the interest rate on dollar deposits and the expected appreciation of the dollar
A) product B) ratio C) sum D) difference
Suppose there are ten firms that occupy the Odell, Oregon cherry pie market. The market share of each firm is listed in the above table
a) What is the four-firm concentration ratio in this market? b) What is the Herfindahl-Hirschman Index for this market? c) If Firm H and Firm A merge, what is the new Herfindahl-Hirschman Index for this market? d) A severe winter causes every firm except A, B, and E to close. With only these three firms operating, Firm A's market share is 71 percent, Firm B's market share is 23 percent, and Firm C's market share is 6 percent. What is the Herfindahl-Hirschman Index for this market now?
What is the difference between price discrimination and other forms of discrimination?
What will be an ideal response?
An estimation method is unbiased if it produces a(n) ________ that equals the ________ on average
A) R2; t-statistic B) estimated coefficient; true coefficient C) error term; standard error D) estimated coefficient; residual