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On Tuesday, March 13, 2018, the world's 5th largest diamond gem found to date, the 910-carat Lesotho Legend, was sold for $40 million in a tender in Antwerp by Gem Diamonds, a British-based global diamond mining business. The company found the stone, which is about the size of two golf balls, at its Letseng mine in the small southern African nation of Lesotho. Discuss potential pluses and minuses of being open to FDI for Lesotho.
Suppose that trade costs add 50% to the cost of each good when shipped, which goods would the home country then export and which goods would it import will there be any goods that are not internationally traded assume that the relative wage is 3.
Elucidate the impact of inflation, unemployment and the business cycle. Explain if the conditions are consistent with the Keynesian or classical economic theory.
Illustrate what are the THREE tools the FED has at its disposal to manipulate or change the Money Supply and interest rates.
1. Do you think printers are becoming obsolete with the abundance of electronic documents and means to view them? How well do you think an organization could function without printers? What are the pros and cons of such a scenario?
1) Define the term or concept in a brief paragraph. 2) Relate the term to the general issue of managerial economics as well as, 3) providing an example of the term in use.
A good which if supplied to one person is supplied to all and whose consumption by one individual does not prevent its consumption by another individual is known as: a private good. a public good. an external good. an internal good.
What impact would a change that shifts an economy's production possibilities curve outward have on the long run aggregate supply curve? How have improvements in computer technology affected production possibilities and the long run aggregate supply c..
The table below shows actual sales for your company for the last six months ("month" = "period"). You are interested in forecasting sales for the upcoming month (period 7).
What is the marginal propensity to consume when consumption changes from 7 to 6 and disposable income changes from 5 to 3? If disposable personal income is 10 and consumption is 12, what is personal savings? What does this mean
where si is the market shares of the i-th firm in the industry. The Herfindahl index for A is 100. The Herfindahl index for A is 3,800. The Herfindahl index for B is 3,600 The Herfindahl index for A is greater than for B. The Herfindahl index is ..
If you select 5 microprocessors from 100 microprocessors, where 30 of the 100 are defective, what is the probability that you select no defective processors?
Illustrate what are the disadvantages of forming corporate joint ventures between multinational corporations in the home and host country.
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