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1. Do you consider Botswana's development process to have been a success? Why or why not? What specifically contributed to its development in the first ten years of independence?
2. What accounts for Botswana's current (circa 2014-2016) economic and political performance? Is the country's performance since the country gained its independence sustainable? Which institutional voids are most relevant to foreign investors considering entering the Botswana marketplace today?
Drawing on Carbaugh's discussions in Chapters 6 and 7 concerning industrial policies, strategic trade policy, the trade problems of developing nations, import substitution, and export-led growth
Consider the Cobb-Douglas production function. If the stock of labor in the economy increases while the stock of capital remains unchanged:
Suppose that in Question 1, the government rather than using a tariff, decides to limit the quantity of imports to 4. All the quota licenses are given to the nephew of the minister of finance (no rent seeking). Show on a new graph the outcome of t..
Consider an economy that is operating at full employment equilibrium. Graphically illustrate the effect of an increase in government spending (G) on the price level and the level of GDP in the short run.
If the cost advantage of interest rate swaps would likely be arbitraged away in competitive markets, what other explanations exist to explain the rapid development of the interest rate swap market?
Explain the sense in which the Fed is independent of the federal government. How independent is the Fed in reality? What is your opinion about the importance of the Fed"s independence for the U.S. economy?
Use aggregate demand (AD) and aggregate supply (AS) model in which the short run aggregate supply curve slopes upwards to describe the equilibrium level of real GDP and prices if the economy is operating:
Google Books has a new feature that allows users to search for the historical use of specific words within the publications that have been digitalized. In the picture below I plot the employment of the terms Economics and Political Economy since t..
a list 3 ways in which rents from quantitative restrictions can be allocated. in which case is the quantitative
Critically discuss that there is no satisfying theory that explains the behavior of firms in oligopoly markets. Which theories should I include in the analysis and give some examples relevant to these theories?
What were the major forces behind urban growth in early United States history? What influence did urban growth have on urban concentration and population density?
The “Take It Home Today” promotion guarantees buyers of new plasma TVs that they are entitled to get any sale price the company might offer for the next 30 days. Do you think such a policy will increase demand for electronic appliances.
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