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The World Bank is at present advising newly industrialized countries on how to encourage growth and they have asked for your help.
Using the Internet, library and/or other resources, research and briefly explain 2-3 methods currently being used to encourage economic growth for the typical firm in Hong Kong and for the typical firm in Singapore.Which of these methods of encouraging growth would you suggest for the typical company in Hong Kong and Singapore?Explain the rationale for your choice.
Engineers at national research laboratory built a prototype automobile which could be driven 180 miles on single gallon of unleaded gasoline. They estimated that in the mass production the care would cost 40k for each unit to build.
Suppose a firm must pay an annual tax, which is a fixed sum, independent of whether it produces any output-How does this tax affect the firm's fixed, marginal, and average costs?
Explain are there any present events in the news that you can directly link to concepts or theories covered so far.
What is the total amount of US government debt as of the time you look it up?
Illustrtae what is the required rate of return on each of the two company's equity.
Very important information regarding calculating the income elasticity of demand
Consider demand and supply curves for many markets - the market for mineral resources, the market for wheat, the market for sugar, and market for motor homes.
Nancy Tai has recently opened a revolving charge account with MasterCard. Her credit limit is $1000, but she has not charged that much since starting the account.
Fiscal policy also decrease the dollar like monetary policy.
Assume if you scale up every price and nominal income in the same positive proportion Elucidate why this is true.
Write down the effect on the real wage and hours worked in the short run.
Explain how do they impact the domestic economies of nations. How do they affect individual business decisions.
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