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Discuss the pattern of inequality in China. In your discussion, refer to Kuznet's hypothesis (inverted U relationship between inequality and development) and dualism.
Discuss the behavioral impact of budgets from the perspective of the cost related budgets and financial statements.
Suppose that on January 1, the price of one hundred yen was 80?(80 cents) and PPP held. Over the year, the Japanese inflation rate was 5 percent
If the original supply curve of cocaine on the streets was horizontal, what is the net effect of police activities on the market for crack in this city. Compute the value for p that prevails before police intervention in the market.
Suppose that there is an increase in EI benefits, and also an increase in welfare benefits (which is considered as another social program), that are represented in the DMP model as payments to everyone who is not in the labour force. What will be the..
Please describe the actions of the economic actors in the economic circular flow diagram and the physical and monetary transactions that occur in each market of circular flow diagram. What is the circular flow diagram describing?
Most industrial farms hire migrant workers, so the market for such workers is reasonably taken to be perfectly competitive. Suppose that all farms individually have a short-run elasticity of labor demand of –0.5. Explain why the reduction in employme..
The Wall Street Journal (newspaper) of September 9, 2016, reported "recent tropical storms and hurricanes in the Gulf of Mexico interrupted oil shipments to oil refineries in the area." When an economist says the "supply of oil decreased" she means t..
Some economists argue that it is easier to resolve demand-pull inflation than it is cost-push inflation. Use the aggregate demand and aggregate supply model to explain this assertion.
1. For each of the following pieces of legislation or codes of practice describe why each is relevant to the management of a payroll system:
Suppose Philip Morris and R.J. Reynolds can write an enforceable contract about illustrate what y will do. Illustrate what is cooperative solution to this game.
What is total savings in the nation as a percentage of GNP? What is the current account balance as a percentage of GNP? Is there a current account surplus or deficit?
There should be two graphs in your answer. One for each market. Remember to show an equilibrium starting point and then show the changes caused by the government action. The changes should be on the same graph as the original graph. Explain any as..
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