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Less-Developed Countries (LDCs) are caught in a vicious circle of poverty. For output to increase, they must build up capital. To build up capital, they must save and consume less than what they are producing. However, because they are poor, they have little or no extra output available for savings as it must go toward feeding and clothing the current generation. Thus, they are destined to remain poor forever.
How should developed-countries and international institutions assist LDCs to develop and are there unintended consequences?
Describe an example of a real-world industry or market that would be considered by economists to be a natural monopoly. What characteristics of the industry make it a monopoly? What is the impact of the monopoly power on its customers?
Suppose the short-run Phillips Curve shifts from SRPC1 to SRPC3. At a 5% inflation rate, will the unemployment rate increase or decrease? By how much?
The Great Inflation affected the banking industry through the following channel(s).
The West Oak Park community decided to build a playground with a fair market value of $350,000. The assessment rate is 40% and the property tax rate is 7.5%. Find the property tax due for 2013.
Illustrate what is the condition that determines whether or not the developer should assemble the parcels.
The firm is going to borrow the money for its capital purchases. The interest paid on the debt can be added to accounting costs. Suppose it turns out that the present value of this expense is .10 for every dollar of capital purchased. What is the ..
Think of a business firm you recently visited (such as Walmart, Home Depot, Red Lobster, Barnes & Noble, McDonald’s, etc.). What motivated the producers of all the individual products in the store to make them and offer them for sale?
q.russell owns 30 percent of the outstanding stock of thacker and has the ability to significantly influence the
In a macroeconomic equilibrium,
q.read through the budget speech presented by the minister of finance on 22 february 2012. explain in detail whether
Why is off shoring inevitable in some jobs? What jobs are in danger? What jobs are insulated or protected from outsourcing? What can you do to protect your job from being outsourced?
Review Porter's 4 competitive strategies and give a real-life company example of which strategy a company is pursuing.
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