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Question 1: What are the contributors to economic success of the Republic of Korea? What enabled Republic of Korea to increase in income?
Question 2: How does the Republic of Korea developed & used its comparative advantage?
Question 3: How does Korea managed to continue the rapid growth?
Question 4: What is the special characteristic of Korean workers?
Question 5: What are the international brands of Korea that you know? Can you name a few?
Question 6: What is the comparative advantage of your country? What are the main economics activities in your country?
What statistics and linear algebra book do I need before reading Hayashi's Econometrics? Basics linear algebra book seems too simple for the linear algebra part, and Casealla's statistical inference is missing out detail/too basic for the statistical..
Over the last several decades, declining transportation and communication costs have:
q1. a consumer must pay 10 per visit to an amusement park for the first five visits but only 5 per visit beyond five
If a monopolist is producing a level of output at which demand is inelastic, the firm is not maximizing profits, and increasing output will decrease total revenue.
Give an example of a direct relationship between two variables? Why is this type of relationship sometimes referred to as a Positive relationship?
Identify two of the beneficiaries of the secondary markets (of the multi-sided network effects) for Windows OS. And identify the nature of the value(s) of the network effect?
Describe capital budgeting under conditions of risk, risk-adjusted discount rate, and certainty equivalent
Describe a decentralized organization, and list the positive factors of working in such an organization. Describe the chaos that might occur in a completely decentralized organization and methods that could be used to avoid such chaos.
From a consequentialist perspective that has as its objective improving the standard of living of unskilled workers
One Economist by the name of Muchuu opted to swap his car for 15 100kgs of Mealie Meal because he argued that money did not make sense to him such
Illustrate what would be the opportunity cost of x had the economy efficiently produced 10 units of y? Can the economy efficiently produce these quantities.
For each of the following, state which 2017 U.S. GDP category or categories (C, I, G, NX) are affected and whether 2017 U.S. GDP will rise/fall/stay the same.
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