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Assume you're advising the newly formed Russian government (formerly the Russian SSR) in 1991 regarding their policy toward State and Collective Farms in agriculture, which were both very large individually, with State Farms (Sovkhozy) being much larger, with thousands of workers, machine-tractor stations, etc.. Both types of organizations had grown unwieldy and inefficient and received various government subsidies. Construct a program that you could recommend to the government for privatizing these farms, which would immediately lower the incomes of the subsidized farmers, without creating a political disaster. Is there a way in which a plan could provide incentives to the Farm members that would have a good chance of raising productivity and lead to increased agricultural output while at the same time eliminating subsidies?
Suppose annual salaries for sales associates from a particular store have a mean of $32,500 and a standard deviation of $2,500. Calculate and interpret the z-score for a sales associate who makes $36000. Suppose that the distri..
Explain the science of economics in the presence of making a profit with scarce resources
Fiscal policies can work only if private enterprises respond to them in certain way; if they respond in other ways, the policies fail. Explain and give examples.Can the government make things worse by intervening in markets Are there other options..
Explain the law of diminishing marginal utility and Why are there so many more proprietorships than corporations, yet corporations account for so much more of the sales of business firms in the country?
Consider a market where supply and demand are given Qx^s=-10 +Px and Qx^d= 56-2Px. Suppose the government imposes a price floor of $25, and agrees to purchase any and all units concumers do not buy at the floor price of $235 per unit.
Explain how has a more diversified labor force affected the corporate structure and the economy.
Suppose that the most popular car dealer in your area sells 10 percent of all vehicles. If all other car dealers sell either the same number of vehicles or fewer, what is the largest value that the Herfindahl index could possibly take for car deal..
The U.S faces an unwelcome combination of looming recession and persistent inflation that is reviving angst about stagflation, a condition not seen since the 1970s
As all points on a contract curve are efficient, they are all equally desirable from a social point of view.
Roi resources currently have an unused gold mine. Mine was shut down four years ago due to depressed price of gold. However ROI are considering re-opening the mine.
Ship owners would come to Edward Lloyd's coffeehouse to find someone to insure (or "underwrite") their ships and cargo for a fee. Coffeehouse customers-merchants and ship owners themselves-who agreed to insure ships would make payments from their ..
Assume the normal production process for beet sugar uses high-sulfur oil for fuel and releases 2 units of sulfur dioxide to the air for every ton of beet sugar produced.
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