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According to the classical theories of economics, a democracy economy is more likely to achieve economic freedom, and therefore, develops its economy better. However, if we take several examples in Asia such as China, South Korea, Singapore... These countries developed their economies the most during the periods which they were not too democracy, at least not to the western classical extent of democracy. How should we view the relationship between the politically freedom and democracy and the economic development?
How can innovations in health care technology impact a population health model. Give examples of technology that is available now?
What is the trademinus−off that consumers face when buying the product of a monopolistically competitive? firm? If a monopolistically competitive firm has excess capacity.
When the price of a product is increased 15 percent the quantity demanded decreases 10%. we can therefore conclude that the demand for this product is:
If a competitor increases its price what is the likely impact? Please support your argument using the economic principles you have been reviewing. Quick Profit sells box juice for $7.50 and has an demand function of: Q = 300 - 20P. At the present pri..
Consider a good, called an ynoxinul, with a price elasticity of demand of -4. Suppose that there is a monopoly which controls the sale of ynoxinuls. Would the firm gain or lose money by raising the price? Suppose that the government want to tax ynoxi..
Write a program that prompts for a date (month, day, year) and reports the day of the week for that date. It might be helpful to know that January 1, 1601 was a Monday.
Angus works as a dairy farmer and loves his work. Because the dairy business hasn\'t been doing well lately, Angus is considering changing careers. He could work as a technician at the local dairy plant, and earn $27,000 a year. Angus decides to make..
Imagine that Canada, the United States, and Mexico decide to adopt a fixed exchange rate system. What would be the likely consequences of such a system for (a) international businesses, and (b) the flow of trade and investment among the three countri..
Assume Jackie is currently paying monthly loan payments of $2,700 on a loan charging 9%, compounded monthly over a 20 year period Jackie still owes 8 years (96 payments) on the loan. The total amount she currently owes on the loan is closest to...?
Dumping and predatory pricing involve selling at very low prices, even below cost, for the purpose of driving competitors out of business. If a firm were to succeed it would be a monopoly and could raise prices accordingly. Why would a predatory mon..
How do you draw a shift of aggregate supply and aggregate demand curve, to show aggregate supply shift to the right in regards to technological advancements?
The pump's end-of-year salvage values over the next 5 years are $42K, $40K, $38K, $32K, and $26K. Determine the pump's economic life.
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