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Who in the Ethiopian society has the most difficult time dealing with scarcity?
What do they need most?
How can their society provide for their wants and needs?
Why are they so impoverished?
What can their governments do to help, or hinder their country's development?
Could not Ethiopia become a world class producer and exporter of goods? How would Ethiopia compare with Japan? Japan is a country relatively POOR in natural resources, yet it is an economic world powerhouse. What are the differences between the two countries?
What is the maximum it would be reasonable for the owner of a building to pay for a new sprinkler system if it would save $785 per year in insurance premiums. The owner's cost of money is 7.00%/yr. Assume the system would have a life of 20 yrs and a ..
Total cost of the production, as you already know is divided onto fixed and variable costs. Analyze different parts of the total cost (real life examples) and make your own conclusion, dividing them onto two main groups on one side those that belong ..
Frank was willing to contribute $40 this year to his local public television station. However, after learning that the television station had already met its goal of raising $400,000, he decided not to contribute because he knew he could watch public..
An economy has a Cobb-Douglas production function: The economy has a capital share of a half, a saving rate of 24 percent, a depreciation rate of 3 percent, a rate of population growth of 2 percent, and a rate of labor-augmenting technological change..
In national income accounting, an investment is regarded as. Conclude the probability that the annual net cash flows will be negative.
Suppose that Tamara and Vicki are both in the public eye. They get offers to sell secrets of the other to tabloids. If both keep the secrets, they are both better off than if they get exposed. If only one is exposed, the other person is better off th..
Find out the marginal revenue also the marginal cost functions and show them graphically. Find the monopolist's price, output, profit, and the price of the cost margin.
Read the paper “The Great Depression, the New Deal and the Current Crisis” and answer the following questions: What were the similarities and difference in the economic context that preceded the Great Recession, as compared to the reasons that preced..
The supply and demand for foreign -exchange is considered to be derived schedules. Explain and give examples.
Jerry bought a house for $400,000 and made an $80,000 down payment. He obtained a 30-year loan for the remaining amount. Payments were made monthly. the nominal annual interest rate was 6% after 10 years (120 payments) he sold the house and paid the ..
What is the equilibrium cost as well as equilibrium supply.
Illustrate why the store's short-run equilibrium by plotting demand marginal revenue, average total cost,and marginal costs.
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