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Cuba entered into a radical communist economic and political reform in 1959. In 1999 former President Hugo Chávez started a socialist project in Venezuela (not as extreme as the Cuban model) that has continued after his death led by Nicolás Maduro. After several failed attempts within the capitalist system to overcome poverty and achieve economic progress, do you think the Cuban and Venezuelan alternative experiences could be an effective economic development model in the region? Explain your answer.
Should one's manner of dress, choice of hairstyle, physical characteristics, and the like have an influence on any form of oral communications?
A deposit of $800 is planned for the end of each year into an account paying 8 percent/year compounded annually. The deposits were not made for the tenth and eleventh years. All other deposits were made as planned. What amount will be in the account ..
You have three options for a loan. Which one is the lowest monthly cost?
Remember: The elasticity of a product, whether in the supply or demand sector, is determined by how sensitive the product is to a change in price.
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $10 million in withdrawals from other banks’ ATM machines. Based on this infor..
Suppose the following demand and supply curves describe the labor market in Puerto Rico before 1938:
How does an increase in capital and/or technology affect wages, full employment equilibrium, productivity and the standard of living? How can this be graphed to show the shift caused by the increase in those factors?
The national debt doubled in nominal terms during a time when the GDP Deflator increased from 200 to 300. This implies that the national debt: is smaller in real terms, has more than doubled in real terms, has increased in real terms, but it has less..
How does the US growth rate compare to the growth rate in other countries? What besides economic freedom explains these differences?
What other examples do you have of price discrimination as practiced by airlines?
If the labor market is perfectly competitive and the market wage is $20, what are the total opportunity costs of taking on this project?
Calculate the variance of profit for the new brand of makeup product (in $ millions2). Give your answer to two decimal places.
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