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Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound money supply, a low saving rate, poor capital base, and lack of foreign exchange. Explain how these problems are interconnected.
Suppose the state is trying to decide how many miles of a very scenic river it should preserve.
Identify the point on the budget constraint this worker has chosen. Explain how much is he working per day.
What is the marginal revenue product of hiring one low-skilled worker to clear woodland for one month.
one laborer can only produce either 5 unots of necessity per month or 10 units of luxury per month. On a graph draw the ppf. where does the ppf intersect on thy axis and where does the ppf intersect on the x aaxis.
Assume that private schools want to maximize profits and that the market for private schools is perfectly competitive.
Elucidate how do you expect the demand and supply of the good or service to change in the next year. Support your answer.
This would be ideal because he would have the same number of pretzels as he would soda leaving no money left to spend.
Explain briefly why the sellers and buyers are each willing to do so. What is the total cost of pollution reduction in this situation.
Illustrate what does this imply about the effectiveness of monetary and fiscal policy to reduce the unemployment rate.
Suppose that firm A and firm B can form a joint venture to pursue either or both of their R&D programs.
The economy has two sides. One side is the aggregate demand side. Elucidate the relationship between the price level and the quantity demanded of Real GDP.
Use the midpoint method to Compute your cost elasticity of demand as the cost of DVD's
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