A delegation from Transylvania is seeking your advice with regards to if the country should open up and allow international capital flows. Some data about Transylvania: It is currently a closed economy, its national savings rate is 20percent; capitals share of income is 25 percent; and the depreciation rate of the capital stock is5 percent. Its labor force has been growing 1 percent per year over the past 10 years. And bothoutput per worker AND capital per worker have been growing at 6 percent per year over the past10 years. These trends are expected to continue for the indefinite future.

Required:
a. Is Transylvania on a balanced growth path?
b. What is the real rental rate of capital in Transylvania?

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency,government intervention can improve overall welfare o markets allocate goodseffectively