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1. How do North and Thomas de?ne ef?cient institutions? Give examples of institu- tions which are considered to be ef?cient.
2. Discuss the characteristics of dependent development, as emphasised by dependency theorists.
3. How do economic theories of imperialism explain economic stagnation in developing countries?
4. Discuss the concept of dualism. Why is dualism an obstacle to development?
5. Which stages of economic growth are distinguished by Rostow and what are their main characteristics?
6. What are the potential advantages of backwardness?
One of the functions of price is to ration resources and goods and services. What do we mean when we say price serves as a rationing device? Elaborate your response in relation to scarcity and in terms of the demand and supply model
It is common knowledge that governments all over the world are involved in providing education for their citizens. To gauge the effectiveness of public education, federal government, states, and independent agencies measure achievement regularly. Acc..
1 explain the securitization process as it relates to the housing market. what is the rationale for the establishment
Economic factors - gross domestic product, inflation, interest rates, unemployment and what type of presentation do you have in mind, Lester? Elasticity of demand and economies of scale and efficiency
Describe the rise or fall in the equilibrium price and quantity and Describe the factors that may have caused the supply or demand curve to shift to the left or right.
1.the following information is available for an economyconsumption functionnbspnbspnbsp nbspnbspnbspnbspnbspnbsp c 220
1. suggest how an economist would approach the problem of alcohol abuse. provide two 2 possible solutions to this
questionnbsp part a the table shows the demand and supply schedules for low-cost housing.rent per
An individual leaves a college faculty, where she was earning $45,000 a year, to begin a new venture. She invests her savings of $10,000, which were earning 10 percent annually.
What is meant when a monopoly firm is described as a price maker? How is a price maker different from a price taker? Is a monopoly ever a price taker?
A firm produces 4,000 units of output using 500 workers. Marginal cost is $10, the wage rate is $160, and total fixed cost is $100,000. What is the marginal product of labor?
Defend your view on whether monetary policy should be expansionary, contrationary, or neutral right now. Be careful to identify the poaitive reasons for your normative position drawing upon the current state of the economy and macroeconomic theory.
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