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Erbia is a developing country. Erbia's neighbor Glassen is also a developing country, which is growing at a fast rate by adopting existing technology. Unlike Glassen, Erbia is not growing as fast as it should. Which of the following could be one of the reasons for the slower growth in Erbia?
After watching the Seinfeld video clip (rent control), discuss how some consumers are made better off and some are not in a rent-control situation.
Who, other than the owners of rental units, loses as a result of rent controls? Who gains form rent controls? What effect would the imposition of rent controls have on the market price of an existing single-family house? What effect would rent contro..
In the neoclassical growth theory, differences in per capita income are determined by differences in the
Suppose that two people are playing a guessing game with a prize going to the person closest to one-half of the average. Guesses are required to be between 0 and 100 (could be integers or decimals). Show that none of the following are Nash equilibria..
Describe the ultimate goal of the product campaign for the new shampoo. Discuss your methods for achieving this goal. Identify the components of marketing, pricing, and distribution for the campaign. Include in your response a discussion and analysis..
Suppose the MWTP in periods 1 (now) and 2 (one year from now) is given by P = 8-0.4q. Marginal extraction cost = $2. r = 15%. The available supply is 20 units. Calculate the allocation of outputs across the two periods that maximizes the present valu..
Assuming that the various activities that need to be performed in the manufacturing process are considered labor operations, draw a value chain level diagram that thoroughly depicts the duality relationships between paired events that lays behi..
Define the IS curve and the LM curve. In a diagram, illustrate the equilibrium implied by the IS - LM model.
What steps should multinational companies take to ensure that their subcontractors are behaving in an ethical manner? How should companies make human rights issues part of their overall policy?
What is the economic meaning of the vertical gap between the investment curve and the depreciation curve in the Solow diagram?
Draw the 3 graphs required to show the impact on overall GDP of a decrease in the money supply. Also carefully explain, in your own words, the relationships between the graphs, the process of adjustment, and the overall impact of the money supply dec..
Assume that patients have revealed their group demands for hospital emergency room service, as follows:
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