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You are an advisor to the government of a country whose exports are mainly a few primary products (such as coffee and cotton) and whose imports are mainly manufacturing products. You are asked to prepare a short report on the forces that are likely to drive the country's terms of trade during the next two decades. What will be the main points of your report? What are the options available to this country that is concerned with commodity-price stabilization?
1. Explain why real GDP might be an unreliable indicator of the standard of living - Answer not more than 250 words and add 2 academic references ( Harvard referncing style)
If so, why would African leaders be ineffective? If not, what is the central factor and why?
Illustrate what cost should each industry charge if it wants to maximize its profit. Why are costs and output of industries 1 and 2 same however different for industry 3.
In a zero-sum game
Which financing method will result in the greatest number of prisoners surviving the trip
Consider a circular city of length L in which the consumers are uniformly distributed and firms decide sequentially whether to enter the market in the first stage, and then decide simultaneously its price in the second stage. Every consumer buys one ..
Government A decides it wants to eliminate poverty and unemployment by immediately issuing 50,000 dollars/yr to all unemployed citizens. All said citizens receiving the 50,000 per year under this government are thereby not considered unemployed. Expl..
Suppose an economy's production function is Cobb-Douglas with parameter = 0.3.
What is the probability that a randomly selected adult has a "normal" resting body temperature that is greater than 99 degrees Fahrenheit?
How will planned investment spending change as the following events occur? The interest rate increases as a result of Federal Reserve policy.
Suppose you are the manager of a California winery. How would you expect the following events to affect the market equilibrium price (up or down) you receive for a bottle of wine? Please state the shift (leftward or rightward) of demand or supply.
Explain briefly why TOTAL profit (profit from entire sales) is still likely to be lower with this pricing scheme than with perfect price discrimination, despite charging a fixed fee equal to the entire Consumer Surplus of a typical consumer?
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