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1) Explain how political obstacles (lack of skilled officials, instability, corruption, and constaints by special interest groups) and cultural obstacles (cultural attitudes that discourage entrepreneurial activity and and encourage rapid population growth) are greater barriers to economic growth than lack of technology, education and natural resources.
2) Many people blame special interests of developed nations for supporting political regimes and cultural norms that prevent the success of developing nations. Explain why this might be true and in your own words agree or disagree with this statement. Try to give a specific example of a nation (Haiti, Iraq, Pakistan, Sudan, Zimbabwe or any example in the past).
Holloman Hops has a budgeted $300,000 per year to pay for labor over the next 5 years. If the company expects the cost of labor to increase by $10,000 each year, and the interest rate is 10%, what is the expected cost of the labor in the first year?
Cigarettes currently sell for $10 a pack. Suppose the government imposes both a $4 sales tax and a $7 excise subsidy on cigarettes. Use a graph to demonstrate that the new price must be somewhere between $3 and $6 a pack.
Define the following: functional organizations, product organization, geographic organization, matrix organization also network organization.
Cousin Vinnie is a shareholder and an employee in the family business. The directors have no intention of declaring a dividend and putting cash into the pockets of such a questionable person and causing the other shareholders to have a taxable event...
The average consumer income is $20,000, and the price of the related good is $1.10. Compute the predicted quantity demanded of X at these prices and income.
If a central bank reduced inflation by 2 percent age points also to made output fall by 3 percent age points for 2 years
A political campaign manager must decide whether to emphasize television advertisements or letters to potential voters in a reelection campaign.
Which of the following would cause the market demand curve for a good to shift?
?Zeta is an American multinational retail corporation. To move ahead of its competitors and increase revenue, Zeta began to employ a system to determine which products to stock and at what prices, and how to advertise to draw target customers. The pr..
Public health information can be broadcast at a cost of $100. Public health information is a pure public good, in that many people can use the information simultaneously and preventing people from using the information is very difficult. At a price o..
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $14 million in withdrawals from other banks’ ATM machines. what would be the n..
To encourage inner-city youths to spend more time playing sports, the government introduces a super income tax of 10% on professional basketball players and plans to use the revenue to improve inner-city sports facilities. In an attempt to raise more..
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