1. Could two economies of different sizes ever have the same exact steady-state conditions when being...

1. Could two economies of different sizes ever have the same exact steady-state conditions when
being analyzed through the Solow Growth model? Justify your answer.

2.Could two economies of different sizes ever have the same exact steady-state conditions when
being analyzed through the Solow Growth model? Justify your answer.

3. Improved technology is likely to
A) displace worker, causing high unemployment.
B) increase the marginal product of labor.
C) reduce productivity.
D) reduce wages.

4. From 1995 to 2008, the growth rate of capital per unit of labor was high, which caused
A) wages to grow faster than before.
B) labor productivity growth to be much higher than total factor productivity growth.
C) labor productivity growth the be much smaller than total factor productivity growth.
D) high inflation rates.

Expert Solution

1 answer) The absolute convergence is not predicted by solow Growth model.If countries have same population growth rate then they will converge and have same steady state.If saving rates of two countries are different then the steady states are also different.If two economies have same steady state then conditional convergence is predicted by solow model.A poor country growth rate is faster.When countries with different steady states the initial capital stock is low and countrys growth is not high.The capital per unit of labour will converge to steady state value .It is not necessary for two countries to converge.Production techniques are used by poor country.

2nd answer is same

3 answer) A) displace worker causing high unemployment

Technical change causes loss of jobs which leads to unemployment.short term job loss is occured due to technological change.New inmprovement in technology leads to decline in number of workers leading to high unemployment

4 answer) B ) Labor productivity growth is higher than total factor productivity growth.

Growth in productivity leads o technology growth,growth in human capital and physical capital.The difference of growth rate of capital labor and growth rate of output gives total factor productivity growth.so labor productivity is higher than total factor productivity growth.

Rahul Sunny answered 2 years ago

Principles of Macroeconomics Consider two economies (US and CAN) that begin in steady state. The two...

Principles of Macroeconomics Consider two economies (US and CAN) that begin in steady state. The two countries are identical. The production function is: ? = ?? + ? Suppose the following parameter values: ? = 1, ? = 0.1, ? = 0.2, ? = 1000 Then, a strong earthquake destroys 90% the steady state physical capital in CAN and 10% the steady state physical capital in US. Assume these new levels of steady state physical capital become the starting levels...

Consider a commodity market in two economies of comparable sizes. Both economies have positive production and...

Consider a commodity market in two economies of comparable sizes. Both economies have positive production and consumption of a commodity. Initially free trade exists between the economies. Explain how a non-prohibitive tariff imposed by the government of the importing country may affect the price levels in both economies. How will the tariff affect the welfare of the exporting country? Use diagram(s) to assist your answer.

1. If all cell types have the exact same genome, how can they be different from...

1. If all cell types have the exact same genome, how can they be different from one another? 2. do you think transcription through introns is sufficient to explain transcription of 75% of the genome? Why or why not?

. Consider two economies: Economy A and Economy B. Both economies have the same population, supply...

. Consider two economies: Economy A and Economy B. Both economies have the same population, supply of fiat money, and endowments. In each country, the number of young people born each period is constant at N, and the supply of fiat money is constant at M. Young people are endowed with y units of the consumption good but receive nothing when old. The only difference between these two economies is that people in Economy A have preferences that lean toward...

Consider two economies: Economy A and Economy B. Both economies have the same population, supply of...

Consider two economies: Economy A and Economy B. Both economies have the same population, supply of fiat money, and endowments. In each country, the number of young people born each period is constant at N, and the supply of fiat money is constant at M. Young people are endowed with y units of the consumption good but receive nothing when old. The only difference between these two economies is that people in Economy A have preferences that lean toward first...

An individual performs two drop landings from the exact same height above two different basketball floors....

An individual performs two drop landings from the exact same height above two different basketball floors. The first landing is onto a suspended basketball floor (hardwood suspended above the concrete/ground). The second landing is onto a traditional basketball floor (hardwood on the concrete/ground). The net vertical force acting on the individual to bring them to a stop would be ____ because the ____. Group of answer choices greater during the first landing : displacement along the line of action of...

state the critical values for a two-independent same t-test given the following conditions: a. two-tailed test...

state the critical values for a two-independent same t-test given the following conditions: a. two-tailed test a=.01, total df=26 b. one-tailed test, lower tail critical a=.01,df=15 for each group c. two- tailed test, a=.05, n=12 in each group d.one-tailed test, upper tail critical, a=.05 n for both groups combined is 30

a. If you have two chromatograms of the same mixture, but they are from two different...

a. If you have two chromatograms of the same mixture, but they are from two different GC instruments, then how do you determine which one gives you better separation. For example, if the first one gives short, broad peaks and the 2nd one gives tall, sharp peaks then which instrument gives you better separation? Explain your answer. b. What is the retention time of peaks in the Gas Chromatograph tell you about the compound? For example, if you have a...

Explain why the same individual can be told they have different ancestry composition when the same...

Explain why the same individual can be told they have different ancestry composition when the same data is analysed by different ‘studies’. What other factors do you think might affect the outcome of such tests (4 marks, 4-6 sentences max)? Note: this is not asking about the same data analysed with different stringency values. What are some of the genetic techniques that are currently used to identify ancestry?

1. When designing an experiment to test your hypothesis, you need at least two different conditions....

1. When designing an experiment to test your hypothesis, you need at least two different conditions. In the “experimental” condition one or more of the variables are altered to test the hypothesis. The other condition is called the “control” condition. In your own words, what is the purpose of the control condition during the experiment. (3 points) 2. Ionic and covalent bonds between atoms are necessary to build molecules and elements. What is a key difference between ionic bonds and...

Question