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Visit the website of the CIA World Fact Book (https://www.cia.gov/library/publications/the-world-factbook/).
Analyze the economy of at least two countries (not the U.S.).
Complete a one page response to the following questions.
• How do the economies of the countries you selected compare to the U.S.?
• Is either of the selected countries still in an agrarian phase of economic development? An industrial phase? Explain.
• Can you find a country that is still in the agrarian phase of development?
suppose that in a competitive market for electric power, demanded for power is given by the equation P=600-Q, and supply is given by the equation P=160+Q where P is price and Q is quantity of some good or service. Production of each unit of output..
As the manager of monopoly, you face potential government regulation. Findout the monopoly price and output.
Medfin Accounting Company (MAC) specializes in providing accounting and tax services for medical establishment and professionals. Presently, the company's production method is highly labor-intensive because many of the book keeping tasks are done ..
ACME Corporation consists of 250 grocery stores throughout the Midwest. At the starting of 2008 its statement of net worth showed the following data,
The supply of meat in France rise, results meat prices to fall. Lower prices always mean that French households spend more on meat.
Identify absolute and comparative advantage of U.S. and Japan - Suppose that these two countries engage in free trade. Identify absolute and comparative advantage. Describe the pattern of trade.
Assume that Florida migrant workers are effectively unionized. What will be the impact of unionization on?
Some workers in the economy are paid a flat salary and some are paid by commission. Which of compensation scheme would require more monitoring by supervisors? In which case do firms have an incentive to pay more than the equilibrium level (as in the ..
california employers of more than 50 workers are now required to offer paid family leave for workers with newborn
Consider demand and supply curves for many markets - the market for mineral resources, the market for wheat, the market for sugar, and market for motor homes.
Ben Bernanke has said that the Federal Reserve is going to continue its latest round of Quantitative Easing until unemployment falls to 6.5%. How fast will the economy have to grow to bring unemployment down to 6.5% by this time next year? Assum..
The return to a college degree raise a lot while college enrollment remained steady.
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