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1. Explain the following terms: subsistence farming, shifting cultivation, Latifundios and minifundios.
2. How would you define ‘land Gini'? Explain why land Gini is so much higher in Latin America, compared to Asia.
3. Distinguish between a tenant farmer and a sharecropper. Whose exposure to risk is greater and why?
4. The graph, drawn above, shows the average product of labor and the marginal product of labor applied on a fixed resource, like land. Explain why the resource is overused (Lc labor units are applied on the resource), if it is a common property but it is properly used (L* labor units are applied on the resource), if it is privately owned.
What are the values of the intercepts for the horizontal and vertical axis and What is the slope of this equation - What is the slope of this equation
Which of the following must occur for the nominal interest rate to be equal to the real interest rate?
Although the company does not have the resources needed to supervise the workers, a full time inspector verifies the quality of each unit produced before a worker is paid for his or her output.
Discuss the differences between horizontal, vertical and conglomerate mergers and how those differ from a joint venture. Prepare a 350- to 1,050- word paper detailing the findings of your discussion.
Briefly explain the meaning of MRTS for this production function and what is elasticity of substitution when the capital-labour ratio changes from 1/10 to 1/30?
Describe the market forces and the non-market forces that have lead to an increase in inequality over the past few decades and what are payday loans? Why do people use payday loans? What impact do payday loans have on poverty? Discuss.
One critical aspect of the skills that managers lack is planning. You have been asked by your manager to conduct a preliminary search of recommending the two most common types of contemporary planning techniques-project management and scenario pla..
for each year calculate the percentage change in the exchange rate and in net exports. are net exports generally rising
Suppose each of the towns A, B, C, D, E, F, and G has a weekly market day, but different towns have a different market day. Example, if A has market day on Tuesday, then deciding to go to market at A and deciding to go to market on Tuesday are the sa..
Normal 0 false false false EN-US X-NONE X-NONE You expect to receive a pay..
jim buys only bananas and cds. suppose that jims income is 40 bananas cost 0.80 per pound and cds cost 8 each.a write
Explain why inequality is considered to be a social “bad” by many people. In what way could inequality be a social “good”?
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