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1. Why are the objectives of economic development and sustainable growth mutually reinforcing?
2. In what ways does neoclassical theory provide a useful framework for analyzing environmental issues? What are some of its limitations?
Country A has 1200 units of labor and can produce two goods, manufactures and food. A producers take 1 units of labor to produce one unit of manufactures and 3 units to produce one unit of food. Country B has 2100 units of labor and takes 3 units ..
Neither Russia nor China operate under the rule of contract law, even though Russia Communist party no longer rules. Why does not contract law prevail in Russia?
suppose xt 105t and yt 102t. calculate the growth rate of zt in each of the following casesa z xyb z xyc z yxd z
Suppose that a country has no public debt in year 1 but experiences a budget deficit of $40 billion in year 2, a budget deficit of $20 billion in year 3, a budget surplus of $10 billion in year 3, and a budget deficit of $2 billion in year 4
Why is advertising prevalent in many oligopolies, especially when industry demand is inelastic Illustrate your answer by assuming that with advertising, a firm's demand curve has price elasticity of -1.5 and without advertising, it is -2.
Assuming that sales of oil are normally distributed with a mean of 362,500 barrels and a standard deviation of 100,000 barrels, determine the probability that Offshore will incur an operating loss.
Calculate the new equilibrium interest rate and quantity, and explain why the direction of the interest rate shift makes intuitive sense.
suppose the supply of a good is given by the equation qs240p-240 and the demand for the good is given by the equation
Each firm knows that the other firm will cooperate as long as they have not been cheated. Once cheated, each firm will not cooperate ever again. You are firm 1. Your discount rate is 0.3. Compare the present value of cooperating to the present val..
Jeff owns a garage and has 3 mechanics to help him. With the tools used being fixed in the short run, his production function is given by 5 + 2L = Y , where L is the number of mechanics and Y is the number of cars they can fix. If Jeff hires a fou..
To prevent inflation, the Bank of Canada should follow Teddy Roosevelts advice: Speak softly and carry a big stick. What would the Banks big stick be? What is the statement trying to say?
Under a fixed exchange rate system, when will speculation by foreign investors be stabilizing? When will it be destabilizing?
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