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The story of Coltan in the Congo is just one example of how an abundance of exploitable resources can often worsen or prolong military conflicts in nations that are too poor of ineffectively governed to protect these resources. In such "resources wars", civilians often suffer the most as civil society breaks down. Suppose you are the head of an international aid agency that has earmarked $10 million to help address conflicts related to mining in the northern Amazon. You have access to the governments of Brazil, Columbia, and Venezuela; ambassadors of the world's nations in the UN, and representatives of international mining corporation. What steps would you consider taking to help improve the situation in the region?
Can you make it in a short essay, like 1 page?
What effectiveness of monetary policy depends on how easy it is for changes in money supply to change interest rates.
Consider the following two-firm Cournot game. Suppose market demand is given by the equation P=24-Q, where Q= qA+qB. Suppose each firm has only four options: 6,7,8, or 9 units of output. What is/are the nash equilibrium for this game? Does the domina..
Discuss examples from economic theory that would be estimated using the methods of simultaneous equation models
Assume that demand for a commodity is represented by the equation P = 10 – 0.2 Q d, and supply by the equation P = 2 + 0.2 Qs where Qd and Q s are quantity demanded and quantity supplied, respectively, and P is the Price. Use the equilibrium conditio..
explain how many car companies will buy a new car assembly machine. Interest payments are made once a year.
If you were to learn about a bottle of gatorade increased in size from 2009 to 2010, should that information affect your calculation of the inflation rate. If so, how.
Assume that if the labor market is unregulated, the equilibrium wage for workers who do not have high school education is $5.00 an hour. Assume that the government imposes a minimum wage of $6.00 an hour. Draw a supply-demand diagram that shows what ..
For the next five questions, consider a monopolist. Suppose the monopolist faces the following demand curve: P = 180 - 4Q. Marginal cost of production I is constant and equal to $20, and there are no fixed costs. What is the monopolist's profit maxim..
The World Bank projects that the world's population will increase from 7 billion to 8 billion in 2025. World output today is roughly $80 trillion. What is global per capita income today? What will per capita income be in 2025 if the world's economy d..
Bavarian Crystal Works designs and produces lead crystal wine decanters for export to international markets. The production manager of Bavarian Crystal Works estimates total and marginal production costs to be TC = 10,000 + 40Q + 0.0025Q2 and MC = 40..
Mars Inc. is considering the purchase of a new machine that will reduce manufacturing costs by $5,000 annually. What is the tax on salvage value?
If the Federal Reserve reduced its reserve requirement from 6.5 percent to 5 percent. Real gross domestic product is best defined as
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