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What is the SAP (structural adjustment program)? What are the IMF-imposed "conditionalities"? Why did the IMF and World Bank imposed them upon Third World countries during both their debt crises and financial crises?
Suppose the market for gelato is perfectly competitive, and that gelato is a constant cost industry. The long-run cost function for producing gelato is TC(Q) = Q^3 ? 2Q^2 + 5Q. The demand for gelato is Q = 300 - 2p
Explain the relationship between the price elasticity of demand and total revenue. What are the impacts of various forms of elasticities (elastic, inelastic, unit elastic, etc.) on business decisions and strategies to maximize profit? Explain using e..
What advantages might a socialist system have in responding to the needs of people struck by an emergency situation like the earthquake that occurred in Haiti in January, 2010?
Other things equal, what effects would each of the following have on aggregate demand or aggregate supply? In each case use a diagram to show the expected effects of the equilibrium price level and the level of real output.
Now? suppose? that? the ?first ?firm? has? a ?capacity ?of ?2 ?and? the? second? firm? has ?a ?capacity ?of ?4.
What are the characteristics that make Irelands international company different from domestic companies? Is this company successful? What makes this company a success or failure?
Assume the price elasticity of demand for heating oil is 0.7 in the long run also 0.2 in the short run.
Draw the production possibility frontiers for the 2 countries. Draw the world relative supply curve for manufactures.
Suppose the market for cigarettes is characterized by the following information : Suppose the government impose a sales tax of $2 per unit. Calculate the Dead-Weight-Loss due to the sales tax.
Suppose regression of y on x with a sample of size 37 yields 2 R = 0.4. What is the correlation coefficient between y and x?
Considers the choices of Native Americans who decide to stay on their tribe native land or reservation also those who select to relocate to a city.
When the wage rate increases, individuals recognize that the opportunity cost of leisure has risen, choose to substitute labor for leisure, and thus offer to work more hours. This is called the
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