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Writing Assignment: Researching Less Developed Countries
Compare the map shown in the activity on page 4 and a more detailed map of the world. Choose a country that lies in a middle or low income area (countries located in these areas are considered less developed countries) and research the country using the Internet or your local library. Compose an essay of at least two well-developed paragraphs and answer the following questions about the country you've selected:
The labor demand curve in a perfectly competitive factor market is the horizontal sum of all firms' _____ product of labor curves.
What are the millennium development goals? How much success has been achieved in relation to the goal of cutting poverty in half?
Two firms A and B face the following costs to reduce their level of pollution by the amount q: cA(q) = 2q^2 cB (q) = q^2 One unit of pollution generates a marginal damage of $2 to society. With no public intervention, what level of pollution reductio..
Use the endogenous growth model to determine the effects of this on the paths of aggregate consumption and aggregate output overtime.
After that Dewey's opportunity cost of producing one bushel of corn is 1/2 yard of cloth.
A major employer in a small town announces upcoming major layoffs of employees. What should we expect to happen to the consumption functions of the affected employees.
Your job is to find out as much as possible about how (or could) Disney or other theme park’s prices their theme park tickets, options and discounts, i.e., what pricing models do they use? (Timesaver: Disney is not going to tell you.) How does Disney..
Adam Sandler has a utility function U(C,L)=C^1/2L^1/2. The wages now available to him are $9/hour and non wage incomes in royalties are $6/day. Find the MUL and the MUC. Find the MRS for leisure to consumption to find the optimal ratio of leisure to ..
What would happen to the value of gold if people discovered that it could easily be made at home from inexpensive materials
Each employer faces competitive weekly wages of $1,600 for blacks and $2,400 for whites. Suppose employers undervalue the efforts/skills of blacks in the production process. Describe the employment decision, output level and profits made by firms for..
Health insurance companies are oligopolies, and one of the criticisms of oligopolies is the adverse impacts these firms have on income distribution. Discuss in relation to the policies and practices of health insurance companies.
Explain how consumer surplus changes when a monopoly price discriminates. Explain how consumer surplus, economic profit, and output change when a monopoly perfectly discriminates.
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