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Your text raises the notion of a "representative bureaucracy." Presumably at its heart this means that the people fleshing out the bureaucracy would have demographic characteristics of the general population. Given the challenges and responsibilities of any bureaucracy, does making the bureaucracy more reflective of the general community likely to produce more positive performance by public administrators? Is anything sacrificed in constructing the bureaucracy this way?
Who was responsible for the global financial crisis of 2007-2009? Free-Market capitalism, government intervention, or a combination of both? Identify the causes of the crisis, the steps the private and public sector took to resolve it, and what leade..
Suppose that in the short run the capital stock is fixed at 100, write down an expression for. The total physical product of labor. The average physical product of labor.
Clear Water Company has a down-hole well auger that was purchased 3 years ago for $30,000. It has been depreciated over the 3 years as MACRS-GDS 5-year property. It has an estimated remaining life of 7 years. O&M costs are $13,000 per year. Using an ..
Your client is about to establish his own business and hire at least 10 employees. They ask you for advice concerning establishing a qualified vs. a non-qualified retirement plan. What do you advise your client?
Evaluate how their business environment is influenced by government economic policy which may be identified through your application of economic theory.
Suppose the demand curve for a monopolist is QD = 500 − P, and the marginal revenue function is MR = 500 − 2Q. The monopolist has a constant marginal and average total cost of $50 per unit. Find the monopolist’s profit-maximizing output and price. Ca..
Which of the following raise the incentive for households to save?
Suppose that the demand for certain drugs is QN=100-P in North America and QS=100a-P in Sub-Saharan Africa where a 0.531 if the drug manufacturer is to serve both markets while charging the same price in each market.
No less than 1000 words (excluding the title page, bibliography and appendices). Question 1. A Study into the Key Principles of Economics.
Discuss in detail whether education should be publicly provided. (Hint: refer to its characteristics as public good, positive externality, market inequitable, etc.)
If firms are successful in product differentiation
Why are some products elastic and some inelastic? What effect does currency depreciation / appreciation have on a appreciation have on a coconut export trade. Define and give an example of the resource curse. State two differences between a tariff an..
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