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Discuss the causes and consequences of the Latin American debt crisis of the 1980s and the Asian financial crisis of 1997-98. How were these crises different? Whereas countries such as South Korea, Thailand, and Indonesia adopted the IMF’s policy advice in return for an infusion of funds during the Asian crisis, Malaysia rejected the IMF’s suggested economic reforms. How was this possible and why did Malaysia reject the suggested reforms?
Most U.S. and some European airlines now impose additional charges for everything but a seat on the flight. Specific seat selection, baggage, beverages, and nearly every amenity that was once included in the ticket price is now a source of “ancillary..
Consider Adam Smith's canons of taxation. Identify on of his ideas and post your thought on its applicability to the current income tax system in the United States. please post the canon of your choice, your premise, and a narrative in support of you..
Using a source of international statistics (OECD, IMF, or their respective Central Bank's Statistical Database), compare the percentage change in the following economic data for Japan, Germany, Canada and the United States for the last five years: 1...
You compete with many firms offering similar products (monopolistic competition). An economic consulting firm has estimated the own-price elasticity for your most profitable product is -1.50. Your marginal cost is constant at $75 across most of your ..
How would you go about identifying the powerful people within your organization? What indicators would you look for? From what types of problems would these indicators suffer?
The opportunity cost of money is
Elucidate how does N the number of firms in the market, affect each firms Demand curve. Explain why.
1. Explain why resources of the island need to support more people than just the native population. 2. Identify and explain TWO examples of scarce resources mentioned above.
For a consumer with a utility function U(X1,X2)=X1(X1+X2)and a budget constraint P1X1+P2X2=m Compute the welfare loss to this consumer of a change in P2 to 2P2 both in terms of utility and money. Show the steps.
U(x,y)=3x+y, where x and y represent the quantities of two goods, X and Y. The ocnsumer has I=60 , to spend on the two goods, and good Y costs Py=2 per unit. The price of good x, Px is also exogenous. Calculate the consumer's elasticity of demand for..
Oligopolistic firms: The line which forms a 45-degree angle in the Keynesian cross model is
Water Works Plumbing Company is a small owner-managed plumbing services company that serves the greater Miami metropolitan area. Identify each of the following costs as either a variable, a fixed, or a quasi-fixed cost: Cost of the owner’s time to r..
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