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Q1. Explain the essential distinctions among the stages-of-growth theory of development, the Structural change models of Lewis and Chenery, and the theory of international dependence in both its neo-Marxist and false-paradigm conceptualizations. Which model do you think provides the best explanation of the situation in most developing nations?
Q2. A university registrar who uses her experience with university admissions along with your high school grades, application essays, letters of recommendation, and Scholastic Aptitude Test (SAT) scores, would be applying her knowledge in your application process.
For every firm in group B , long-run ATC curve is U-shaped and intersects the long-run MC curve when ATC = 10 and output is 6.
Price elasticity of demand is 1.5 and a firm raises its price by 20 percent the quantity sold by the firm will ceteris paribus.
What is the opportunity cost of Josephine's trip to the wedding
One day you realize you're tired of smelling like refried beans all the time and begin thinking about starting your own business. After doing some investigation you decide to spend 15 hours per week running a photocopy service in your dorm.
Who has the comparative advantage in what product. Once they specialize, how much does output increase. What are the terms of trade if the United States trades 1 can of soda for 5 units of clothing.
Why do monopolistic competitors have a tendency to advertise much more than perfectly competitive firms?
What other economic factors are affected when taxes are raised or lowered, and how are they affected. Should the government increase tax rates on everyone as a way to equalize incomes and wealth.
Show how the transaction would have been recorded in the German balance of payments accounts. What was the net effect on the German balance of payments.
Describe the Schumpeterian notion of "creative destruction"
Show graphically the effect on the supply and demand for Bonds in a deflationary period.
Calculate price, quantity and social surplus for the initial state and each policy.
The social security system levies a tax on workers and pays benefits to the elderly. Suppose that Congress increases both the tax and benefit.
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