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In the latter half of 2012, the worldwide musical hit Gangnam Style by South Korean K-pop singer Psy, contributed to a boost in tourism to South Korea ("Gangnam Brings Fans - and Tourism Revenue - to Korea," CNBC.com, January 23, 2013). Record numbers of tourists from China, Japan, and even the United States wanting to see the Gangnam district in person helped South Korea's economy in 2012. How does an increase in South Korean tourism affect the foreign exchange market for the South Korean won (its currency)? Describe other situations that had a similar impact on a country's foreign exchange market?
Developers of a new housing scheme spend money putting in roads, lighting and clearing land surrounding the shecme. What kind of market failure is this? Explain. Why does market failure occur in this scenario? Explain.
Compare and contrast two different countries during a time period when they experienced financial crises.
Identify & describe two different roles that interest rates play in the economy. Does a change in an interest rate indicate that a change in some part of the economy is occurring? Explain.
In 2008, the DOJ decided not to challenge a merge, and 160;these two firms united become Sirius XM. If you were an economic consultant for 160;Sirius, what economic arguments would you have presented to the DOJ to persuade
in avataria the main source of income is hunting. avatarians have an option to improve their hunting skills by training
Explain why trade liberalisation has the same effect on an economy as an increase in the aggregate productivity of an economy (i.e. that the average output per worker increases).
How much will this consumer be willing to pay for the product if the firm offering the reliable product includes warranty that will protect the consumer? Explain.
Recommended a healthcare reform policy alternative to positively impact insurance coverage and financing the delivery of healthcare in this country .(400 words) Cite appropriate reference.
part a 1. describe three 3 ways we can use macroeconomic analysis with one 1 original example for each way.2.you are
1. Explain whether the following statements are true or false. a. The marginal rate of substitution diminishes as an individual moves downward along the demand curve. b. The level of utility increases as an individual moves downward along the demand ..
Explain which of the policies is most effective for the country you researched? Provide a rationale with your answer. Discuss whether a successful market economy can develop in a non-democratic authoritarian political system. Provide examples.
1. A company has reviewed their sales figures and finds that an average of 3 of their bestselling televisions are returned each month because they are not working properly and according to the warranty must be replaced.
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