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What two developments are demanding new ways of looking at the economic world in the 21st century? What kinds of sustainability questions do they raise?
Two developments that are demanding latest ways of looking at the economic world in the 21st century are 1) the environmental impact of long-term fossil-fuel based economic growth, mainly with the dramatic rise in CO2 emissions; and 2) the persistence of substantial global poverty and its threat to social sustainability.
What does economic theory contribute to managerial economics? Explain
As stock markets have crashed, and uncertainty has increased, consumers move their money to the safest currencies and countries in the world. Predict the effects of an increase in
a) Explain the perverse incentive. b) What makes the incentive perverse? c) How could the incentive makers better the incentive?
a) The four-firm concentration ratios for the following industries have been found from the Economic Census for Manufacturing (NAICS 31-33) as follows. The four-firm concentration
What barriers to economic growth can be explained using the Harrod-Domar model? Definition and outline of the Harrod-Domar model; growth in national income = savings ratio over
explain and illustrate the changing demand for big mac using indefference curve and budget line
problem solving
Problem : (a) Describe the law of demand and the factors affecting demand. (b) llustrate and Explain how demand of a commodity will change if there is a tax on that product
advantages and disadvantages
is south african economic system more allocative efficient?
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