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Which of the following stands true of corruption? a. Private investment is relatively higher in countries in which government expenditure is very high. b. Corrupt governments spend less on capital goods than governments that are less corrupt. c. Payment of money or gifts in order to receive a government service or benefit is a widespread practice only in less-developed countries. d. Corruption reduces growth most directly through government investment in projects with high productivity. e. The more competitive a country’s markets are, the fewer the opportunities for corruption.
q1. sprint prior to spinning the businesses off to concentrate on cellular phone service provided both local and long
Suppose that the quantity demanded in the world market is given by the demand function Qd = 80-0.4P Where P is the price in dollars per barrel and Qd is the quantity in millions of barrels per day. The quantity supplied is given by the supply functio..
You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1’s elasticity of demand is -6, while group 2’s is -4. Your marginal cost of producing the product is $50. Determine your optim..
In a study of ranching laws in the 1800s, an economic researcher found that as these laws restricted the ability of cattle to roam freely, agricultural output increased. Does this researcher’s findings support the Coase Theorem? Explain.
What is the miracle of aggregation? What does the miracle of aggregation have to do with uninformed voters? What is systematic error? What is rational irrationality?
What is adverse selection? How does its existence affect the market for health insurance? What are some ways insurance companies protect themselves from adverse selection?
How much would you pay for a perpetual bond that pays an annual coupon of $80 per year and yields on competing instruments are 20%? You would pay ___? If competing yields are expected to change to 12?%, what is your expected capital gain? (or loss)?
Ytilizing a single diagram of the saloon's demand curve and its cost curves, show the price and the quantity combinations favored by each of the the three partners.
Which of the following is not a characteristic of a corporation?
Discuss the two types of inflation. Explain the differences and give an example. Explain what, if anything can be done to avoid either type?
Monsanto, Corp paid dividends of $2.80 last year. Over the next three years the earnings and dividends are expected to grow by 10% per year. Thereafter, assume that the dividends will grow at a 5% rate forever. If investors required return on Monsant..
If the federal reserve uses open market operations to offset a recession the fed------------- government securities in order to ------------the federal funds rate.
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