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Question: 1. Explain three differences between contracts offered by microfinance institutions and standard contracts offered by commercial banks.
2. Comment on the merits of the following statement: "Competition is generally viewed by economists as a good thing, yet microfinance institutions often disagree about this even when they are not pursuing profits."
3. Comment on the merits of the following statement: "Microfinance institutions that extend individual loans often request some kind of collateral, and therefore are biased against the poor."
What were the original purposes of the IMF? Have they changed since Bretton Woods? What is the justification for IMF surveillance?
What is the policy credibility and how is it relevant to the problem of reducing high inflation? How is credibility related to the time inconsistency problem?
Suppose that a consumer can earn a higher wage rate for working overtime. Draw the consumer's budget constraint
First class passengers generally pay higher fares than coach passengers,even when they take advantage of advance-purchase discounts. Is this price discrimination?
Yesterday, a perfectly competitive producer of construction bricks manufactured and sold 10,000 bricks per week at a market price that was just equal to the minimum average variable cost of producing each brick.
Are those millions of other corporations, sole proprietorships, and partnerships outside of big business fairly insignificant to the U.S. economy then? If not, then what is the importance of these smaller companies to the national economy?
The equilibrium price for physiotherapy visits is $30 and the quantity utilized is 150 visits as a result of the demand and supply conditions in this diagram. The state legislature is concerned that the current price does not give the physiotherap..
Using the tools of analysis developed in this course, demonstrate that removing the subsidy will make consumers worse off but will nevertheless improve society economic welfare.
You are a manager of Nvidia and your only significant competitor in the mainstream graphics card market is the ATI subsidiary of Advanced Micro Devices. You and ATI both expect to produce the next generation of graphics card in October of next yea..
Suppose that you are a government official in charge of your country's fiscal policy. The country maintains a flexible exchange rate system. You are asked by your country's citizens to use fiscal policy alone to expand the country's..
Illustrate what would you expect to happen in the general economy if these rates are all increased.
Question based on Derive and compare demand curve, Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?
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