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These questions are about the USA Industrialization and Economic Development. At least 200 words for each question!
1. What is meant by the term "development" inneo-classic economics? How might your answer to this question be distinct if using a heterodox approach? Explain.
2. What two fundamental questions must all societies face? Why are these questions critical to understand when considering matters of development?
3. Is it possible to have GDP per capita increasing in a country, concurrent with increasingunemployment,increasinginequality,andincreasingpoverty?Howisthe "core" of development ideology understood within the context of the asking and answering this question? Explain.
4. What alternative measures of well-being are introduced by Sen's Capabilities Approach? What does it mean to state that "income and wealth are not ends in themselves"? Explore.
5. What institutions are critical markers within a state of Capitalism?
6. Societies all face questions of production and distribution. What factors help shape decisions regarding these choices? Explain.
Johnston production is the price taker which utilizes this cost structure in the short run:
How would a downward change in the money supply affect someone personally? How would it effect a person's career? What impact would rational expectations have on a person's decisons in this situation?
Does your answer to Question 16a Change if buyers pay $8 per unit to the intermediary but sellers offer to rebate part of that expense to buyers?
Draw an aggregate production function with typical shape and label it "F". Make sure to label the axis of the graph. Now, add two more production functions based on the following scenarios. Efficient institutions are adopted in a country. Label t..
In the old days lighthouses were built along the coast to prevent ships from running aground on rocks in unfamiliar ports. By shining a beam of light over a port and guiding ships away from rocks, these vital buildings reduced the risk for ship ca..
Consider an industry with two firms producing an identical product. Each firm has a marginal cost of 10 and a fixed cost of 20. Market (inverse) demand for the product is given by: What is the Nash EQLM of the matrix in (b)? What is each firm’s strat..
What are some of the reasons for the largest immigrant trend in the US since the 1970s and although the public has always been divided over bilingual education, why is this truer today than ever before?
What did the Federal Reserve do during the financial crisis of 2008 up until now -- 2014? How did the recent financial crisis affect the financial services industry? Finally, what are some of the major provisions of the Wall Street Reform and Consume..
What could you do to help employees understand the value of excellent customer service - who are your external customers and what are their specific needs?
Why is it that we can assume that the price elasticity of demand for Noah's Bagels is inelastic? If the price pf a plain bagel at Noah's rises from 99 cents to $1.12, what can Noah expect to happen to the percentage of bagels purchased?
A company is considering constructing a plant to manufacture a proposed new product. The land costs $300,000, the building costs $600,000, the equipment costs $250,000, and $100,000 additional working capital is required.
The average inflation in India in 2010 reached 12.1%. During the same period, government deficits became large and interest rates increased. Most economists expected India's growth to slow.
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