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1. Why is industrialisation considered to be important for development?
2. Discuss four different kinds of sectoral classi?cations which are relevant for our understanding of structural change.
3. What are the contributions of agriculture to industrial development in earlier stages of economic development?
Does this make economic sense? Explain the rationale behind equal prices for unequal distances in air travel using supply, demand, and cost curves.
The demand-supply market models (for each market below) to graphically illustrate and explain the following scenarios (in the short run). Identify for each scenario what the effects on price and quantity are likely to be. State your assumptions.
cameron and drew are neighbors and are both skilled in carpentry. if cameron spends a full day on painting he can
A firm finds that the marginal product of capital is 60 and the marginal product of labor is 20. If the price of capital is $6 and the price of labor is $2.50.What will be the result?
What does the Marshall-Lerner condition look like if the country whose real exchange rate changes does not start out with a current account of zero?
Find all Nash equilibria in pure strategies and what is the Pareto Optimal outcome under collusion? Show that this outcome is not sustainable.
What are the two effects of every price change? Given two goods, "x" and "y", if the price of "x" increases (all else equal), what do each of the effects say will happen to the consumption of "x"? After the change, what can we say about the quantity ..
About the role of Multinational Corporations in Business, Government and Society. the role of ethics in the global arena, the influence of governmental regulation, the roles of consumer, employee and environmental protection and how good corporat..
What firm did you pick? Why is it interesting to you and what are some opportunity costs of starting your own franchise?
An engineer uses an economic analysis to determine which of the two machines to purchase. All the machines that are being considered are capable of performing the same task. Assume that the minimum attractive rate of return is 12% compounded m..
Assume that the u.s. has 400 units of K (capital) and 300 units of L (labor) while Mexico has 75 whits of K and 125 units of L. In both countries it takes 3K/L to produce each unit of X but only 2K/L to produce each unit of Y. Which nation has the co..
joe smith is a 27- year-old caucasian male who works two part-time jobs for two different construction companies. joe
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