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Question: Over the long period 1945-2007, global trade has generally grown much faster than the annual average rate of growth of global GDP. Proponents of an "export-led growth" strategy have argued that, with this growth of global trade, concerns over the "fallacy of composition" argument regarding trade as an engine of growth are exaggerated - that is, export growth has plenty of room for maneuver. Analyze this dispute, with particular reference to the possible duplications of the cases of Korea and Taiwan. What percentage of world exports is currently produced by less-developed countries? You can find this data at the UNCTAD website in the annual book of statistics.
discuss measuring income distribution using a geometic representation called the lorenz curve. explain the theories of
Suppose that the market for the services of hookah bars is in long-run equilibrium. (1) more cities end regulations that had generated fixed costs for hookah bars, and (2) many nonstudent adults discover previously unknown preferences for the serv..
assume that the government imposed a price ceiling on gasoline in order to prevent prices from getting too high. what
suppose there are 12 firms in an industry.nbsp the percentage of total sales is given in the following
describe at least 3 criteria that would determine whether the manager is making good decisions. what should be done to
Consider a firm using labor and capital as its only inputs. The price of capital is $40 where the price of labor (wage) is $60. Using 500 units of labor and 500 units of capital the firm is producing 1200 units of output. At this mix of input the fir..
Millions of dollar spent to make the software But after it has made the software, the costs in distributing it to customers "entails low incremental costs that is virtually zero".how should the curve look like.
Do the authors refer to the work of others that they do not agree with? What are the key concepts or the main factors or variables discussed?
There is much discussion in the press about several states moving to legalizing marijuana, either for only medical purposes, or more extremely, for recreational purposes. Looking only at the economic impact (not moral implications) of such changes in..
Calculate the accounting and economic profit for the hair styling salon. Show your work. Based on your answers in part (a), should the owner close this salon or continue with it?
Michigan is offering financial incentives to improve health. Using economic model(s) demonstrate the impact of such policy on efficiency of the medical care system.
A $2 million school-bond issue bearing interest at 15 percent payable annually and maturing in 25 year was sold at a price which a 20 percent annual rate of return to the investors. The brokerage fee for handling the sale was 0.3 percent of th..
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