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Do some research on the country of Ethiopia and discuss:
1. Who in the Ethiopian society has the most difficult time dealing with scarcity?
2. What do they need most?
3. How can their society provide for their wants and needs?
4. Why are they so impoverished?
5. What can their governments do to help, or hinder their country's development?
6. Could not Ethiopia become a world class producer and exporter of goods? How would Ethiopia compare with Japan? Japan is a country relatively POOR in natural resources, yet it is an economic world powerhouse. What are the differences between the two countries?
Is the market for coffee perfectly competitive and does the coffee market meet all six conditions of a perfectly competitive market?
Taxicab fares in most cities are regulated. Several years ago taxicab drivers in Boston obtained permission to raise their fares 10 percent, and they anticipated that revenues would increase by about 10 percent as a result.
a) Explain what happens to observed prices in posted offer and double auction markets when there at least two sellers. b) Explain what happens in these two markets as the number of sellers drops to only one seller.c) explain how part
Trade Restrictions Effects on Exchange Rates. Suppose that the Japanese government relaxes its controls on imports through Japanese firm.
In 1989 the Detroit Free Press and Detroit Daily News the only daily newspapers in the city obtained permission to merge under a special exemption from the antitrust laws.
a. How many different possible dial combinations are there for this lock b. What is the probability that if you randomly select a posi- tion on each dial, you will be able to open the bank vault c. Explain why "dial combinations" are not mathematical..
Explicate how the company was either helped or harmed by the intensive strategy it chose. Try to identify a way this strategy could have been improved. With you second company tell how it could benefit for the intensive strategies it has not implem..
cost function for clinic visits in a small inner city clinic Quantity of Visits Total Cost per Week If the price per visit is given to be $25, at what level of visits will the maximum profit position be.
ntroduction of the Verson Stamping Machine helped firms in the automobile industry: shift their AVC, ATC, and MC curves upward. achieve greater economies of scale. reach their minimum efficient scale at a lower level of production.
you consume only soda and pizza. one day the price of soda goes up the price of pizza goes down and you are just as
part 1 firm perspective1. use the following article and your own research to answer the following questionscompetitive
Describe how the market for Alaskan king crab will be affected if, at the same time that medical reports confirm that suspected health benefits from consumption of Alaskan king crab meat, wages are increased for trawler men
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