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In most cases, small-scale farmers in developing countries cannot switch to new farming methods or to the introduction of new seeds or different cash crops even though these changes do not require use of technology. Do you agree or disagree with this statement? You cannot choose both agree and disagree. Type if you agree or disagree first, then explain your reasoning with at least 3 distinct reasons excluding technology in the context of the textbook of this course.
Briefly explain ANY THREE (3) determinants of the price elasticity of demand?
According to ANA (American National Association) Code of ethics:
Monetary policy is one of the more important areas of influence on the economy in the modern world yet few people really understand the intricacies of the issues involved. Based on your reading and other research, what would you say to someone who ad..
Donald is a stamp collector. The only things other than stamps that Donald consumes are Harold’s doughnuts. It turns out that Donald’s preferences are quasilinear, represented by the utility function U(d, s) = ln d + s, where d is the number of dough..
appliance store are unable to successfully compete also are driven out of business. why does Wal-Mart have a cost advantage over its competitor.
Illustrate what are the three contingent environmental resource evaluation methods also Illustrate what is their significance.
Draw hypothetical supply and demand graphs for men and women to both occupations assuming that some of each gender prefers each job. Now, assume that discriminatory actions take place in the restaurant business preventing men from becoming chefs.
Which processes and organisational structures are important for creating new subsidiaries in foreign countries?
When using a supply and demand model to illustarte how land rents are set, economists typically draw the supply curve as a vertical line because
What is a specific, "real-life" example of a seller in the world today that meets the definition of a price taker? Your posting should be at least two paragraphs long and specifically identify the undifferentiated product (remember - no brand names h..
A simple random sample of 8 employees of a corporation provided the following information. Employee 1 2 3 4 5 6 7 8 Age 25 32 26 40 50 54 22 23 Gender M M M M F M M F How do you determine the point estimate for the standard deviation of the populatio..
Two firms are competing for output. Leader firm market demand is P=1200-Q and other firm demand is Q2=400-0.5Q1. Marginal cost for both is $200. How much is output for firm 1 and 2?
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