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"The rapidly growing East Asian economics used very different combinations of policies, from hands-off to highly interventionist. Thus there is no single East Asian model of development. This diversity of experience reinforces the view that economic policies and policy advice must be country specific if they are to be effective". Critically evaluate the position espoused in the above statement.
Explain the debate on equal rights, especially as related to marriage, for gay men and lesbians continues. Would you classify this as an issue or as a problem.
Michael Walzer asserts that terrorism is wrong because it is an indiscriminate attack on the innocent. If you were an immunity theorist, you would judge an attack by American soldiers on a group of twenty ruthless terrorists who had two noncombatant ..
What are the arguments for and against granting amnesty and the possibility of citizenship to illegal immigrants? Name at least 5 for each.
What does central bank independence mean? Which dimensions are included? Politically independent monetary bank is an important prerequisite for currency stability
government official proposed which gasoline price controls be imposed to protect the poor from rising gasoline prices.
Suppose a recent issue of the Financial Times of London states in an article that inflation in the U.S. is running at 6% while inflation in the U.K. is running at 4%. Is the article good news or bad news for U.S. firms? Why? Is the article good news ..
Consider an income guarantee program with an income guarantee of $5,000 and a benefit reduction rate of 40%. A person can work up to 2,000 hours per year at $10 per hour. Draw the person’s budget constraint with the income guarantee. Be sure to place..
After a boat rescues everyone else from Gilligan's Island, the Professor and Gilligan remain behind, afraid of getting shipwrecked again with the same bunch of people. The Professor grows coconuts and catches fish. Last year he harvested 1000 coconut..
Why do some workers make more money than others? Must everyone make the same wage? Explain your answers using labor market equilibrium.
Apex Manufacturing charges Zenith Manufacturing with predatory pricing (that is, selling below cost) What do you think anti-trust authorities will want to consider before they determine whether prosecute Zenith for unfair practices in restraint of tr..
Why is monetary policy chosen over fiscal policy as the preferred tool for stabilization policy? What does the government gain from controlling monetary policy? Why would they choose to delegate responsibility for monetary policy to an independent ce..
Would company benefit by advertising in this perfectly competitive market. What would happen to price of toothpaste, would it rise or fall. What would happen to profits company makers.
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