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People that are in extreme poverty are barely able to survive. With all the advances in technology, medicine and education, these parts of the world are falling farther and farther behind. This is because they cannot afford these things to have the access to them. The world has become very greedy. It is all about making money for oneself and often not about helping others. I do not believe the poverty will be eradicated. Someone is always going to be at the bottom as rich nations get richer and the cost of living gets higher. I do believe that we should be able to eradicate extreme poverty but not with just the measure of the 0.7% request. I believe to fully eradicate extreme poverty it will have to be more than that. Rich nations should not have a problem fulfilling this request however; greed shows its ugly head. It is also essentially making a country better off than what they were, so what if they prosper with that help? That is more competition. Money isn't the only thing that is needed to help. We need to educate the people and help them to manage money and their economies.
In 2005, Clear Channel (an owner of popular radio stations) spun off concert promoter Live Nation into an independent company. How would this affect prices for concert tickets or rates for radio programming?
Explain the potential role that the DOJ's leniency program might have on prosecutions and incentives for price fixing.
A manager tells his workers that they must perform their duties in the exact manner and order that he has commanded, with no exceptions. He is using
Your the manager for a college football team. Assume you own the stadium and the variable cost per attendant is $0. You’ve been told by your in-house economist that you should set the price of tickets at $50 to maximize profit (at current, you set on..
q1. an oil company refines crude oil valued at 62barrel and sells it to motorists at its retail outlets. the price is
Let’s say the current administration decides to make a college education more affordable, so they establish a price ceiling of $50 per credit hour for community colleges, $75 per credit hour for four year institutions, and $100 per credit hour for gr..
Steve’s preferences for hamburgers (X) and chicken sandwiches (Y) can be represented by u(X,Y)=X 0.5Y 0.5. Graphically decompose the total effect of the price change into an income effect and substitution effect. Plot hamburger consumption on the hor..
During one year in the late 1990s, the Cornell Medical College received acceptances of offers of admissions from 20 more students than it could accommodate in its first year class. What factors should have influenced students’ thoughts about whether ..
The demand and supply functions for pizza in the local market are: QD = 20,000 - 833P and QS = 5,000 + 417P. Calculate consumer and producer surplus in this market.
What do you think of Coca-Cola's environmental initiatives? Are they just window dressing , or does the company seem to be sincere in its efforts?
The term________ refers to a market exchange that affects a third party who is outside or external to the exchange. Which of the following is used to describe the full spectrum of animal and plant genetic material? Property rights are the legal right..
Some remedies and preventive measures have been put forth to slow or forestall currency crises, such as capital controls and intermediate regimes (i.e., fixed or floating exchange rates). Discuss these measures and comment on whether they would be ef..
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