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Discuss the potential role of NGOs in relation to the government and private sectors. What are the most important potential areas of comparative advantage of NGOs? What are the most important "voluntary failures" that can inhibit NGOs from realizing their comparative advantages in development activities?
Suppose that 1984 the total output in a single good economy was 7000 buckets of chicken. Also suppose that in 1984 each bucket of chicken was priced at $10. Finally, assume that in 2004 the price per bucket of chicken was $16 and that 22,000 bucke..
If the two firms split the difference, whats the price of a permit?
Suppose the MPC is 0.75 if the government increasesexpenditures by $200 billion how far does the economy grow if the government decreases taxes by $200 billion how far does the economy grow
The production function is given by W=F(L)=8*L^.5 and the marginal productivity MPL=4/L^.5. If widgets sell for $10, the price of labor is $8/hour, and there is a fixed cost of $25. What is the cost function C(W) for this production technology.
(Fiscal Policy) Define fiscal policy. Determine whether each of the following, other factors held constant, would lead to an increase, a decrease, or no change in the level of real GDP demanded:
Substitute the result from part (a) in the IS curve and construct the UIP diagram. As in the text, you may assume that P and P* are constant and equal to one.
Write a model relating the mean milk production, E(y), to the independent variables. Identify and code all dummy variables.
There is a similar trend in tourism where pressures of work and longer hours force holidaymakers to take more short breaks. UK residents took over 39 million holidays abroad in 2001, with Spain the most popular destination (26% of holidays abroad)..
Assume that securitization combined with borrowing and irrational exuberance in Hyperville have driven up the value of existing financial securities at a geometric rate, specifically from $2 to $4 to $8 to $16 to $32 to $64 over a six-year time pe..
The payoffs are given in the matrix where the first number in each cell denotes the tax inspector's payoffs and the second number is the taxpayer's payoffs. Find the Nash equilibria of this game, considering both pure and mixed strategies.
An investment of $10,000 in 1993 earned a market interest rate of 6% for 10 years. The average inflation rate during that time was 3%. What was the value of that investment at the end of the 10 year period in 1993 dollars
What would you expect to be the pattern of international specialization and trade? What would determine who produces the good?
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