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Explain why non-governmental organizations (NGOs) like the cooperatives described in the Fair Trade material play an important role in the economic development of developing countries. Why do the governments of these countries require help to protect their producers and the environment?
wages decrease by 15%. by what % do the new wages increase or decrease. 3. divide 3420 into two parts such that one part is 28% more.
Analyze the economic impact of major social problems and issues such as poverty, discrimination, crime, income distribution, the role of government, and other major issues.
Suppose that the U.S. government decides to charge beer producers a tax. Before the tax, 15,000 cases of beer were sold every week at a price of $7 per case. After the tax, 10,000 cases of beer are sold every week; consumers pay $9 per case, and prod..
Select a country in which the government has implemented industrial policies. Have the industrial policies contributed significantly to the country’s economic growth? Have the policies lead to problems in the country’s economy?
Several years ago, a man won $27,000,000 in the state lottery. To pay off the winner, the state planned to make an initial $1,000,000 payment immediately, followed by equal annual payments of $1,300,000 at the end of each year for the next 20 years. ..
The own price elasticity of demand for apples is -1.2 if the price of apples falls by5%, what happen to the quantity of apples demanded?
Your firm wants to sell its product in each of several foreign countries, and you must decide whether to do so by exporting or by producing locally for that market through FDI. If you export to a given country located at a distance d, what would the ..
Which one of the following statements about total quality management (TQM) is TRUE?
Assume there is a central city school district in which the student population is predominantly black. What will there be a salary differential between black and white teachers.
Describe a positive or negative situation arising from an organization structure within an internationalcompany. Explain why a good organization structure is important to companies.
Draw Lorenz curves and calculate the Gini coefficient and the coefficient of variation for the income distributions (a)–(f). In each situation, the first set of numbers represents the various incomes, whereas the second set of numbers represents the ..
A firm in a purely competitive industry is currently producing1,000 unit per day at a total cost of $450. If the firm produce 800 units per days, its total cost would be $300, and if it produce 500 units per day, its total cost would be $275. What ar..
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