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a) 4 problems facing developing countries that make their path to development difficult are political instability, corruption, lack of appropriate institutions and lack of investment. Briefly explain these problems, indicating how they make development difficult.
b) Illustrate what is the difference between absolute advantage and comparative advantage? If a country has an absolute advantage in both goods (in a simple economy with just two goods) is it still worth it to speacialize and trade? Explain.
Why do celebrity icons receive such widespread attention and adulation
Explain how global stratification impact local culture and expalin what are the positive does and the negative effects.
It is possible for a company with positive retained earnings to be unable to pay cash dividend since they may not have the cash supply.
Elucidate his production potential. In one person economy could this also be his budget line.
Illustrate what is the average value of a loyal customer (VLC) in a target market segment if the average purchase price is $50 per visit, the frequency of repurchase is 12 times per year.
Illustrate what factors might explain why the $A went so low when the Global financial crisis hit the world economy in late 2008?
Assume the frequent flyer program has raised the cost of high-yield spill two fold since trade clients who are denied boarding now take their trade
For what range of interest rates could these firms use trigger strategies to support the collusive level of advertising.
According to the rule for optimal input usage, a film should hire a person as long as her marginal income product is greater than her marginal cost to the company.
If the table represents the demand faced by a monopoly firm, then Illustrate what is which firm's marginal revenue as it increases output from 1300 units to 2200 units? Elucidate how all work.
How much income gets you into the top quartile or quintile. Discuss the issues of regressive, proportional, and progressive taxation.
If a hard freeze eliminates premium coffee crop, illustrate what will take place to the price of premium coffee.
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