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Briefly discuss China’s journey on its economic achievement from pre-independent until today.
a) Strategies and policies to achieve economic development and growth
b) Effect on its economy and social structure
c) The classification of social class
d) The creation of freedom and choices in tandem with Amartya Sen’s concept of new economic development – capabilities approach
If a competitive firm hires another full-time worker, total output increases from 100 units to 110 units per week. Suppose the market price of output is $25 per unit. Illustrate what is the maximum weekly wage at which the firm would hire that add..
The total demand for funds curve slopes downward because a rise in the interest rate causes. In the classical view, if government purchases rise (and there is no other fiscal change),
Illustrate what is the industry's profit maximizing output level. Is the organization in long-run equilibrium.
Use the principles of supply and demand to address a predetermined goal (set by you) in the gasoline market. Be clear on what the current market indicates and why and what your future goal is. We will probably revisit some of your choices in future m..
Discusses three different types of returns. Identify the item in the list below that is NOT one of those three types of returns.
Calculate the yield to maturity for each bond. Calculate the expected annualized compound rate of return over the five years for each bond. Which bond offers the higher expected compound rate of return?
In 1986, John Deere was building a capital intensive factory to produce large, four-wheel-drive farm tractors. Then the price of wheat dropped dramatically, reducing demand for these tractors because they are used extensively for harvesting wheat. Ca..
An asset with a first cost of $240,000 three years ago is sold for $285,000. The asset was depreciated by the MACRS method and has a book value of $69,120 at the time of sale. Determine the amount of the capital gain, if any, and the amount of the de..
The multiplier effect comes together with crowding effect. A recession results in decrease of welfare program. A recession results in decrease of tax revenue. The unemployment and inflation are in inverse relation. The unemployment and inflation rela..
Briefly discuss the similarities and differences between producer equilibrium and consumer equilibrium.
What are the political and legal issues of South Africa. For instance the stability of the government, legal issues of concern to four business, etc.
Suppose that the aggregate demand and supply schedules for a hypothetical economy are as shown below: Use these sets of data to graph the aggregate demand and aggregate supply curves. What is the equilibrium price level and the equilibrium level of r..
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