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What is the Washington Consensus? The Washington Consensus is a set of polices arguments advocated through free market economists to motivate growth and it is at the heart of
who is the proponent of theory of economic rhythm?
How do institutions influence development? Institutions development influence: Institutions matter since they give opportunities for people and firms to participate into
Suppose a firm’s budget were large enough to employ 100 units of either labor or capital, the cost of a unit of labor being the same as a unit of capital. The production function i
β1=0 e5.1 from stock and watson 3rd edition introduction to econometrics Using the data set CPS08 described run a regression of average hourly earnings (AHE) on Age and carry out
In your own words, describe the meaning of average cost. You normally buy a crate of wine for $75. One crate has 6 bottles of wine. After a month, the store clerk informs you that
Most studies of firms’ long run costs have found that average costs decline as firms produce increasingly larger output levels (economies of scale), such as for automobile firms. H
what do you call an entrepreneur using someone elses ideas to start a business
Explain how the economic theories applied in business economics
what microevrionmental factors have affected Sony''s performance since 2000
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