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Why are some countries poor (less developed) and others rich (developed)? Discuss the main features of the realist/mercantilist, liberal, Marxist, and structuralist/dependency perspectives on economic development. What are their differences and similarities? How well do these perspectives explain the economic development of the newly industrializing countries, the so- called NICs? Justify your answer.
Explain how your proposed steps will affect money supply, interest rates, inflation rate, aggregate demand, and output. Provide support for your response.
A trendy French restaurant is one of the first businesses to open in a small corner of a commercial building still under construction. The restaurant has received rave reviews and has lines of diners waiting for tables most nights. In the short run (..
You own a building that has possible uses: an Iternet cage, a coffee shop, an ice cream store, and a bookstore. The value of the building in each use is $2,000; $3,000; $4,000; and $5,000, respectively. You decide to open an ice cream store. The oppo..
?Discuss the causes of the Great Depresion in terms of what you know about the economy today. Do you think another Great Depression is possible? Why or why not?
Which of the following is a conclusion of using the generational accounting measure?
What is the equation of exchange and velocity of money? Explain the quantity theory of money and its relationship to NOMINAL GDP. What happens in the long-run when the money supply (MS) increases? What if LRAS and MS grow at 3%? What if velocity vari..
How do changes affect the equilibrium price and quantity of SUVs if a buoyant stock market makes people more confident about the future. What is the shift in the Supply and Demand Curves and provide a brief explanation of why each change occurs.
A firm uses steel and aluminum to produce auto parts. The current input mix used by the firm is such that the marginal product of aluminum is equal to 800 units, while the marginal product of steel is equal to 500 units. what the concept of “ratio of..
The short-run aggregate supply curve slopes upward because of all of the following reasons except:
How is Apple able to maintain high profit margins on its phones, while most Android phones struggle to be profitable? Select the answers that apply and give justification for your choices.
Assume that skilled wages are twice that of unskilled wages, and that half of the population fits into each category, skilled and unskilled. Graph the Lorenz curve and calculate the gini coefficient. What has happened to inequality according to the L..
Suppose that rice is pays out $1000 per hectare while quinoa also pays out $1000 per hectare if the rainy season is short. If the rainy season is long, rice pays out $400 per hectare while quinoa also pays out $400 per hectare. In this scenario, to w..
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