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Alzuria is a developing economy. With trade and liberalization, the country has now seen substantial development in the private sector.? However, government intervention in certain markets remains strong. The banking sector has a good mix of both private banks and those called? "government undertakings," or public sector banks. Consumers are becoming increasingly aware of the difference in the quality of service provided by the private and the public sector banks. Competition among private banks has ensured that their employees adhere to high standards of customer service. Their public sector? counterparts, however, do not appear to be making an effort to improve their customer service. Which of the? following, it true, would explain the rationale behind continued patronage despite the bad service provided by public sector banks in Alzuria? A. Deposits with public sector banks are insured unlike those with private banks. B. Private sector banks provide funds at a lower rate of interest than public sector banks. C. Compensation in public sector banks is lower compared to private banks. D. Deposits with government sector banks yield a lower rate of interest than private sector banks. E. Private sector banks provide fringe benefits like price discounts on credit card usage in popular stores.
Discuss how each of the 4 factors contributed to the elasticity of the good.
q1. bob consumes two commodities x and y say chocolate and classical music. more y never hurts but in order to enjoy y
A grocery store in a small town has a supply curve for oranges that is given by the equation P=1/10Q+1. The store faces a weekly demand curve for oranges given by P=16-2/5Q where price is measured in dollars and quantity is measure in bags of oranges..
Identify the point on the budget constraint this worker has chosen. Elucidate how much is he working every day.
A U-shaped average total cost curve implies what?
What are the commonalities of mental health services and long-term care? What are the challenges both areas of care continue to face today and in the future?
Incomplete information frequently lowers the average quality of products and services exchanged in markets. This phenomenon, at times called the "lemons problem," explains why the supply of lower-quality products increases relative to higher quality ..
On the horizontal axis, K/L represents capital (K) per work hour (L). On the vertical axis, Y/L represents output (Y) per work hour (L). 10. Refer to Figure 1. The curve becomes flatter as the amount of capital per work hour increases because of a. i..
What is the programmed management approach in international marketing and advertising? How are Kraft Heinz, P&G, Nestle and Starbucks are handing this?
Assume that health production is subject to diminishing returns and that each unit of health care employed entails a constant rate of iatrogenic (medically caused) disease. Expalin why would the product of health function eventually bend downward.
The Food and Drug Administration (FDA) just gave you the approval to sell your new patented drug which reduces the aches and pains associated with doing IO homework. You spent 10 years and $1.5 billion to market this drug under the brand name eazIO. ..
Explain how do economists distinguish between the absolute and relative sizes of the public debt. Why is the distinction important.
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