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Assignment
1. What kind of economic system did India operate during 1947 to 1990? What kind of system is it moving toward today? What are the impediments to completing this transformation?
2. How might widespread public ownership of business and extensive government regulations have impacted (i) the efficiency of state and private businesses, and (ii) the rate of new business formation in India during the 1947 to 1990 time frame? How do you think these factors affected the rate of economic growth in India during this time frame?
3. Given what is now occurring in the Indian economy, do you think the country represents an attractive target for inward investment by foreign multinationals selling consumer products? Why?
Assume the United States increases the tariff on automobiles imported from Germany (and other foreign countries). What is the effect of this tariff-rate increase.
In at least one well-developed paragraph, explain how many sneakers and video games are produced at each of the five points on the graph. Then in at least one additional, well-developed paragraph, analyze how the graph can show efficiency, growth,..
What is the main policy message of the AS-AD model, and how does it relate to the 1930s Keynesian revolution in economic theory? What should today's policy-makers assume about the natural rate of unemployment?
How would market forces affect the amount of time the proven oil reserves will last, assuming no new oil reserves are found and that the demand curve remains unchanged?
discrimination scheme is more profitable than a single monopoly price
The Lexus LS 430, the top of the line Lexus sedan, riad a base price in Canada of C$85,700 during the fall of 2005. Restated in US dollars using the exchange rate prevailing then, that price is $71,885.
Illustrate what is the
Beauty lotion is a skin-moisturizing product that contantains rich oils, blended especialy for overly dry or neglected skin. Product is sold in five once bottles by a wide range of retail outlets.
What is NDP, Net exports, Govt. taxes minus transfers and disposable personal income Personal Saving
147 - Economics of Education Spring 2015 Test. Hanushek and co-authors (2008) examine the determinants of economic growth for 50 countries over 40 years. What are the two main measures of education attained by the population that the authors use to ..
a. People's tastes change in favor of going to see more movies at cinemas with their friends and family members. b. More online movie-rental firms enter the market. c. There is a significant increase in the price to consumers of purchasing movies onl..
Explain the difference between a budget deficit and the national debt. Use the Marginal Income Tax Rates in Figure 15.6 (see p. 463) to compute the following: a. tax due on taxable income of $100,000, $200,000, and $500,000 b. average tax rate on t..
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