Economics questions and answers by day:

The following graph shows the labor market for research assistants

Why is an understanding of development crucial to policy formulation

Why is a strictly economic definition of development inadequate? What

Imagine a beekeeper, who produces honey and sells it at

Three electric power plants with capacities of 25, 40, and 30 million kWh supply electricity to thr

“The major determinant of a country’s income distribution is its

The figure to the right illustrates the average total cost

Which of the following plans aimed at the removal of poverty and attainment of self-relaince? 1. f

The number of repairs produced by a computer repair shop

The following graph shows the current short-run Phillips curve for

Suppose a stream is discovered whose water has remarkable healing

Dell is selling 20,000 units in Europe at an average

Assume that you have tried three different forecasting models. For

A firm can use three different production technologies, with capital

The regression output gives the result of regressing LGELEC, the

Specific Electrics Co. asks you to implement a pay-for-performance incentive contract for its new C

Suppose there are two firms that each emit 30 units

With many other options available, customers no longer let their

Are rapid economic growth (as measured by either GNI or

Describe Kuznets’s inverted-U hypothesis. Discuss the conceptual merits and limitations