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The mean CC for democratic countries equals [1.38 and the standard deviation equals 0.99. In contrast, for non-democratic countries the mean CC equals -[l.6 and the standard deviation equals 0.72. Test whether there is a statistically signi?cant difference in the CC measure between democratic and non-democratic countries. (IMPORTANT: Use the rule-of-thumh approach used in class to make this test. In order to get full marks, you need to show your work.)
In the international marketplace, countries are categorized based on their stages of development. A marketer needs to be clear on these categories in order to determine the potential demand for its products/services.
Why is China so prominent in this map? Why is Korea bigger than Japan, or even Africa (depicted as a peninsula to the far left, with a strange lake in the middl
The appreciation in the dollar's exchange value from 1980 to 1985 made U.S. products (less/more) expensive and foreign products (less/more) expensive, (decreased, increased) U.S. imports and (decreased, increased) U.S. exports.
Suppose an individual dairy farmer in Northamptonshire decides that going price for milk is too low. Explain effects of this strategy.
Suppose pens(N) and pencils(L) are substitutes such that U(N, L) = N + 2 ∗ L. Draw an ordinary demand curve for pens when the price of pencils is taken exogenously to be pl
Why does the profit maximizing level of production occur at the point where marginal revenue equals marginal cost.
Game theory applies to a wide range of behavioral relations and is used in the science of logical decision making. After reviewing the materials this week
What are the similarities and differences in the world's political and economic systems and what are their effects on globalization?
Nick and Rosa are farmers. Each one owns a 12-acre plot of land. The following table shows the amount of alfalfa and barley each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing alfalfa or barl..
When managers determine their prices, they may not believe they have any options. While it’s true that firms in a competitive market have little room to maneuver, they may not recognize that pricing technology may allow them to find the profit-maximi..
Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.3, and a typical gasoline retailer enjoys sales of $2,350,000 annually. What is the price elasticity of demand for a representative gasoline reta..
Consider two countries, one is richer and one is poorer. Show that it is possible that the poor country will grow at a slower growth rate than the rich country. ( Hint, consider different steady state)?
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