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Explain the distinction Herman Daly makes between economic growth and economic development. Illustrate with examples. Why does Daly claim only the latter is sustainable?
Compare and contrast the four market structure models: Monopoly, Oligopoly, Monopolistic Competition, and Perfect Competition—including, but not limited to, assumptions/characteristics of each model, profit maximizing price/output combinations, short..
The premium for a March 2016 1285 gold futures call option is 23.oo/oz when the march 2016 gold futures market price is 1299.00/oz the options intrinsic value ? and its time value ?
Elucidate how each of the following would affect the demand schedule you derived.
gdp per capita ppp current international for sub-saharan africa and uganda between the years 1980 and 2010.1. for
How could understanding domestic politics through the major CP theories introduced in this course increase our knowledge about major current events in world politics, such as, among many other important issues the refugee issues many states face now?..
An end-of-aisle price promotion changes the price elasticity of a good from -2 to -3. If the normal price is 10, what should the promotional price be?
A firm suggests that they and their competitors (oligopoly) lower their production to limit supply and increase price. Thinking about the kind of game this is...would it be a Bertrand or Cournot; would it be finitely or infinitely repeated and would ..
A number of people have argued for a flat tax with each person getting a personal exemption of, say, $10,000, meaning that they pay zero tax on the first $10,000 of income and then 20% on all income above that. Is such a flat tax progressive, proport..
Assume that Country A has a population of 500,000 and only produces 1 good: cars. Country A produces 100,000 cars per year. The people in Country A purchase 90,000 cars, but there are not enough cars to fulfil all the demand. What is the composition ..
What are the phases of business cycle? What happens during prosperity? What happens during contraction phase? What is the difference between recession and depression?
Explain how the (r, w) probabilities determine the quality of information: for perfect, for worthless, and imperfect better than pure chance information.
Is there any range of production characterized by scale of economies. At Illustrate what production level are scale economies exhausted.
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