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Analyse the roles played by the World Trade Organization (WTO), International Monetary Fund (IMF), and World Bank in the world economy. Why do their actions often generate hostility, and is it deserved? Explain your answer.
It has been argued that "The criterion for Bank resource transfers should not be poor people, but poor people in countries without access to private capital". (Lerrick, 2005) Furthermore in the World Bank website is clearly stated that "We are not a bank in the common sense;" (World Bank, 2010). What is your opinion? Do you think that the World Bank is orientating its action in a right way or not and if not, any ideas of how to redefine its action?
Assume that the soft coal industry is a competitive industry and it is in long run equilibrium. Now assume that the firms in the industry form a cartel.
Illustrate the notion that people are rational respond to incentives consider an experiment conducted by researchers at St. Luke's Roosevelt Hospital in New York City.
In providing assistance to the states like Washington has in the past attached strings which have dictated state legislation.
Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.
Calculate the equilibrium real wage rate and the equilibrium quantity of labor. Suppose that the nominal wage rate equals 60. In the short-run, aggregate demand and aggregate supply are equal at a price level of 1.0. Compute the real wage rate.
Tom have only $60, and he want to spend it all on clothing (X) and food (Y), Price of clothing is $4. Find out the optimal values of both goods (Y*,X*) and Utility?
Explain how the aggregate expenditure function shifts in response to the changes in each of the following variables:
A price-discriminating monopolist of the 3 rd degree sells output in 3 different markets. Some, but not all pairs on the 3 linear market demand curves are given below.
Describe the law of diminishing returns. Then discuss why you agree or disagree with following statements.
Is the price system a "just" or "fair" way to allocate products: What about medical Services-What are substitution and income effects related to the Law of Demand?
Compute the trucks net book value at the end of its third year of use under each depreciation method.
Bright Future, Ltd (BF) is a non-profit foundation providing medical treatment to emotionally distressed children. Determine the optimal amount of service provided by BF.
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