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1. What institutions are prerequisite for economic growth?
2. What is the role of rule of law in economic development?
decides not to play by the rules of the game. Then illustrate what could the final equilibrium position be.
As part of their chores on Saturday mornings, they have to clean the bathrooms also wash the floors of the house while their parents go grocery shopping.
Suppose that the government increases taxes and government purchases by equal amounts. What happens to the interest rate and investment in response to this balanced-budget change? Does your answer depend on marginal propensity to consume?
Milk is a commodity is it a necessity or a luxury product. Evalute the availability of its substitutes for the product. Explain how the necessity of a good and the availability of substitutes impact the elsticity of the product.
Q. Explain how and why a monopoly would try to price discriminate. Serving food on weekdays to business people and retired people.
Describe the slope of the isocost and isoquant curves, and hence derive a relationship between the productivity of capital and the productivity of labour.
What would be the new equilibrium exchange rate that would make purchasing power parity grasp for laptops.
q. 1. patent systems can be worthwhile if induced innovations are important also if the rewards from patents speed them
Studies indicate that the changes in fiscal and monetary policy affect the 3 economic agents in the economy (households, firms and government). How do the changes in monetary and fiscal policy instruments affect you personally or work wise?
q.in the standard keynesian framework in open economy macroeconomics the supply is assumed to be perfectly elastic and
If the Federal Reserve adopts a restrictive monetary policy that leads to relatively high interest ratesin United States, what happens to the demand and supply of foreign currency and the dollar's exchange value.
How many times would Mexico's 2005 real GDP per person have to double to reach the United States' 2005 real GDP per person.
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