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Government policy has typically been driven by political ideology. Radical writers argue that the MNE is an instrument of imperialist domination, but the free market view argues that international production should be distributed among countries according to the theory of comparative advantage. Viewed this way, FDI by MNE is a way to increase the overall efficiency of the world economy. Do you agree? How can political ideology affect this statement?
An illustration of the Production Possibilities model, including a summary of what the model is illustrating and the economic implications for the economy.
Traffic manager of Monarch Electric Company has just received a rate reduction offer from a trucking company for shipment of fractional horse power motors to company's field warehouse. Should company implement new rate.
Calculate the point elasticity of the firm's total sales revenue with respect to the amount of labor used when q = 2.
Explain how are the gains from trade shared among the parties to a trade. Is it possible for specialization and trade to increase total output of traded goods.
q1. a nation has a population of 260 million people. of these 60 million are retired in the military in institutions or
Trace out exactly where this 100 increase in income goes in the second round and compare to our simpler treatment with a closed economy and lump sum taxes.
Production When you have completed your study of this chapter, you will be able to 1 2 3 4 Explain how economists measure a firms cost of production and profit. Explain relationship between a firm output and labour employed in short run.
Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
what is the expected economic life for this water pump and what is the minimum annual equivalent cost.
q1. using graphical analysis describe the effects of the following events on their respective markets. concisely
Suppose that you buy a bond for $100 that pays four percent interest per year. Explain how much money will you have earned when the bond reaches maturity in five years.
q.assume that the poorest country in the world is democratic republic of the congo and the richest country in the world
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