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1. What effect does population growth have on economic development?
2. Why have most developing countries followed inward-oriented development strategies?
3. Why do immigrants often play an important role in developing the economies of poor nations? what role did immigrants play in developing the economy of the early United States?
Consider a two-period economy with a single commodity (say leisure): x_1 is the consumption of leisure in period 1, and x_2 is the consumption of leisure in period 2. When Peter evaluates consumption streams, he cares only about the best time in his ..
Explain the concept of supply and demand in your own words and provide two examples of how you see it at work: one from the news and one from personal experience. State the difference between demand and quantity demanded, as well as the difference be..
Suppose that the world price of oil is roughly $60 per barrel and that the world demand and total world supply of oil equal 34 billion barrels per year (bb/yr), with a competitive supply of 20 bb/yr and 14bb/yr from OPEC. The equation for the long-ru..
Assume which an innovation reduces a industry's fixed costs also reduces cost from ATC to ATC. Before the innovation reduced the cost, the industry's maximum economic profit was
Which of the following are sources of lags in monetary policy?
Roughly speaking, a merger between two firms is legal:
q.jake takes 40 minutes to fry a chicken and 2 minutes to toast a slice of bread. his brother elwood takes 20 minutes
Politicians are often heard saying that tuition at state universities should be kept low "to make education equally accessible to all residents of the state, regardless of income." Think about the flu shot in the context of a public good. What are th..
What religion from India became very important in China and one of the three great religions?
Outline the potential pros and cons of the three key strategies for developing foreign markets: exporting, licensing and franchising, and direct investment
Suppose, on the other hand, that the second country retaliates with an export subsidy of its own.
Explain how a bank's ability to create transaction deposit accounts through loans creates money. Corben Inc. has a successful brand with the name Crunz. The market size in which Crunz competes is $4 billion, and Crunz has generated sales of $400 mill..
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