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What would you say to someone who says a lack of leadership is the central factor in Africa's continued poverty compared to the rest of the world? If so, why would African leaders be ineffective? If not, what is the central factor and why?
Scott Jensen owned two hundred acres of farmland in California. A creek flowed through the land, and Jensen used water from the creek to irrigate his crops. The water was adequate for his needs. apply stare decisis and divide the water rights because..
Why are entrepreneurs willing to supply goods and services for consumers at attractive prices? Is it because they care personally about the consumers?
The end of the Cold War saw an increase love affairs among different developed nations of the world.
In 1990, the ratio of Japanese to US labor productivity in the steel and consumer electronics industries were estimated to approximately 1.4 and 1.12. What country has the comparative advantage in producing steel and what country has the comparative ..
Determine the equilibrium price and quantiy. Calculate consumer surplus. determine the new equilibrium. How have equilibrium price and quantiy changed? calculate new consumer surplus. Are consumers better off or worse off after the shock?
To encourage the production of honey, several beekeepers place their beehives in a farmer's orchards and fields. As the bees gather nectar to make money, they pollinate the orchards and fields, thereby increasing the yields of the fruit and grain cro..
Assume that wages and prices are sticky and that we start at a long-run equilibrium. Assume that at this initial point, the growth rate of the money supply is 5%, the growth rate of the velocity of money is 4% and that the real economic growth rate i..
What events, beliefs or situations might cause a consumer to demand and buy fewer goods and services this month than last month even if prices have not changed? (note the second, third and fourth words are plural)
Using information given: What is average cost of first do these of a new drug. What about marginal cost of subsequent doses? Is this consistent with behaviour of costs for an information product.
The following events have their initial impact on which of the following:aggregate demand, short-run aggregate supply, long-run aggregate supply, or bothshort-run and long-run aggregate supply? Do the curves shift to the right or left? Explain AND su..
Which of the following conditions may make predatory pricing by incumbents rational?
A Bristish pharmaceutical company spent several years and considerable funds on the development of a treatment for HIV patients. Now,with the protection afforded by patent rights,the company has the potential to reap enormous gains.
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