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"Religion is the sigh of the oppressed creature, the heart of a heartless world, just as it is the spirit of a spiritless situation. It is the opium of the people."
That was the quote of one of the prominent economist and a proponent of communism. Who was he?
Examine how trade in goods and services has evolved over time. Is the country becoming more or less competitive in world markets?
1. economic analysis that takes into consideration linkages between markets is called ? a. partial equilibrium
Illustrate what is the logic of a firm setting and exercising the application of a mandatory retirement age? What are the pros and cons of the mandatory retirement practice from the perspective.
Briefly discuss two limitations of the Specific Factors Model? In what ways does the Hecksher-Ohlin Model complement tire Specific Factors Model
Elucidate why intermediate goods and services usually are not included directly in GDP. Are there any circumstances under which they would be included directly.
Assume a indiidual has $8 to spend only on apples and bananas.
Explain the nation will move toward an international monetary system or fixed exchange rates in the future.
Some states are required to balance their budgets. Is this measure stabilizing or destabilizing Suppose all states were committed to a balanced budget philosophy and the economy moved into a recession. What effects would this philosophy have on th..
As an worker of the world bank you have been proposed to research the requirements of a country with a particular economic concern. For this project choose a nation and an economic concern such as population, unemployment etc.
Explain how do these tools influence the money supply, and in turn, affect macroeconomic factors.
The monopolist faces a levy imposed by the government and incurs marginal costs as in a competitive market (but without new firms entering/exiting the industry). Analyse the impact of the fee levied on the monopoly market outcome and the economic..
A country which does not tax cigarettes is considering the introduction of a $0.40 per pack tax. The economic advisors to the country estimate the supply and demand curves for cigarettes as:
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