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Explain the difference between import substitution and export promotion as economic growth strategies for developing countries. Be sure to include in your response both the strengths (benefits) and weaknesses (risks) inherent in both strategies. Which strategy has China pursued in recent years? Is this strategy sustainable in the long run? Why/why not?
first assume that all us produced wheat is consumed domestically and there are no wheat imports. next assume that the
The LoJack car recovery system allows the police to track stolen cars. As a result, they not only recover 90 percent of LoJack-equipped cars that are stolen but also arrest many auto thieves and shut down many "Chop shops" that take apart stolen vehi..
A profit maximizing monopolist is earning a positive economic profit. The wage it pays its workers rises. How will the firm's choice of price and quantity change in response to the wage increase? Assume that the monopolist is still earning a positive..
q1. compare and contrast inflation and deflation. what are some of the damaging effects that each has on an economy?
Which set of actions maximizes the total payoff of Nikita and Margaret? Is it likely that they will choose the payoff-maximizing actions without some communication? Why or why not?
A stock is expected to pay a dividend of $2.50 per share indefinitely. The stock is expected to generate a return of 8 percent in the foreseeable future. Based on this information, Compute a fair price of this stock.
q1. estimate the malthusian population momentum treatise to the current 3rd world population growth crisisq2. home is a
A sudden crash in the stock market shifts
If the marketplace for organic apples is perfectly competitive which of the subsequent statements is inconsistent with the statement above.
q.according to the rule of most favorable input usage a firm should hire a person as long as her marginal revenue
Sally owns a ceiling fan company. Last year, she sold 1300 ceiling fans at $60 each, and each fan costs her $30. Before going into the ceiling fan business, she worked as a fan-dancer at $38,000 a year.
Increasing the promotional budget for a product in order to increase awareness is not advisable in the short run under which of the following circumstances?
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