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1. What explains Singapore’s economic performance from 1965 - 1992? Why did Singapore outperform most other developing countries?
2. What role did government policies play in Singapore’s economic development?
3. What role did contextual factors (i,e., location, history etc.) play in Singapore’s economic development?
4. To what extent did productivity growth contribute to Singapore’s performance?
5. Should Singapore change its strategy as of August 1992? Explain
Mary’s utility function is U (b, c) = b + 100c ?c2, where b is the number of tomatoes in her garden and c is the number of onions. She has 500 square feet in her garden to allocate between tomatoes and onions. How many tomatoes and onions should Mary..
American rice producers have extremely high production costs, due to some structural problems. Therefore, if not supported by the government, they will not be able to compete with foreign producers. Analyze two supportive policies intended to maintai..
The optimal price for a monopolist facing different demand curves in two separate markets will be. Which of the following statements is TRUE regarding network goods? Which of the following is NOT a feature of markets for network goods?
Diogo has a utility function, U(q1, q2) = (q1^0.2)(q2^0.8) Where q1 is chocolate candy and q2 is slices of pie. If the price of slices of pie, p2 is $4.00, the price of chocolate candy, p1 is $ 2.00, and income, Y is $100, what is Diogo's optimal bun..
Consider the market for corn in the United States. Suppose that the mandated percentage of ethanol in gasoline is increased and at the same time a corn blight destroys a significant portion of the corn crop. Using a supply and demand diagram, show wh..
First Amendment - Freedom of Speech Part of the First Amendment to the Constitution of the United States says that Congress shall make no laws abridging the freedom of speech. However, there are laws that prohibit the use of certain offensive languag..
Life insurance policies typically have clauses stipulating the insurance company will not pay claims arising from suicide for a specified term—typically two years from the date the policy was issued. Use precise economic terminology to explain the li..
Looking at all commercial banks in the United States, _______ is the largest category of liabilities.
Why could you say that supply-side economics is really more about after-tax wages and after-tax returns on investment than is about tax rates?
Billie Joe loves Krispy Kreme donuts and coffee. Billie Joe likes to eat 3 donuts (D) for each cup of coffee (C) he drinks. His utility function is: U = min(0.333D, C). The price of each donut is $0.60 and the price of coffee is $2.20. Given Billie J..
List the different types of market structures that big data benefits the least and benefits the most. While data collection may benefit the business community, discuss the potential concerns for consumers that arise with the proliferation of big data
Converse the positive also negative contributions of FDI inflow to the competitive benefit of host countries with regard to the subsequent matters
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