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According to the article by jack weatherford, "cocaine and the Economic Deteriotion of Bolia" -A): cocaine production benefitted subsistence farmers in Bolivia by teaching them New Farming techiques. B) cocaine production hurt the eonomy of Bolivia due to inflation but benefitted substence farmers by making them rich C) cocaine production hurt the eonomy of Bolivia due to inflation but hurt farmers because young men were disfigured in cocaine production
What role did the government play in creating the financial crisis? What role did Fannie Mae and Freddie Mac play in the financial crisis? Could this have been prevented? How? How the government have responded to the crisis both in monetary policies ..
The demand curve for higher education in Tallahassee is P=120-2Q. Assume the only two colleges in town are FSU and FAMU. Each university faces the cost function TC=6Q. Both colleges get together and successfully collude to fix price at a profit maxim..
Before the airline industry was deregulated, the Airline Pilots Association (ALPA) was generally regarded as one of the most successful unions in raising wages of its members; the International Ladies Garment Workers Union (ILGWU), on the other hand,..
Elucidate however, in checking with government economists, Hanna finds that every capita disposable income is expected to rise.
Indicate whether each statement below is positive or normative. Briefly explain each answer. As a society we should cut pollution by 5% to preserve nature for future generations. The larger a country is it will have a higher GDP (Gross Domestic Produ..
Why do consumers want to save more in the weak economy? What influences our consumption? Should governments be made by law to balance their budgets, or should they be permitted to run deficits sometimes? Should you go into debt sometimes? Explain?
How can two countries both be better off as a result of trade? How can tariffs protect U.S. jobs? Do tariffs lead to a net increase in jobs?
What are the arguments FOR trade restrictions? Why don't we restrict trade among states with the borders of the U. S.?
What if you knew that in Firm A the quantity of labor demanded is 15,000 when the wage is $11 and 17,000 when the wage is $8.
In a two factor, two good heckscher-ohlin context, illustrate and explain the "production effect " of growth in the labor force in a relatively capital-abundant country, other things equal
The following equation represents the weekly demand that a local theater faces. Presently the theater advertises 125 times per week. Assuming this is the only theater in town, and its marginal cost, MC, is equal to zero, Determine the profit maximizi..
You borrowed $21,061.82 to finance the educational expenses for your senior year of college. The loan will be paid off over five years. The loan carries an interest rate of 6% per year and is to be repaid in equal annual instalments over the next fiv..
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