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Question 1: What are considered good economic institutions? What are some of the impacts of the lack of good institutions? For what key reasons do many developing countries lack them?
Question 2: "Social and institutional innovations are as important for economic growth as technological and scientific inventions and innovations. "What do you think is meant by this statement? Explain your answer.
Why is it not an accurate measure of a typical person's standard of living in a given country?
This might be interpreted as an upward shift in the consumption function. Explain how does this shift affect investment and the interest rate.
The governor is attacking the new traffic rules. His views are wrong because he was given a speeding ticket last week.
Find the annual after-tax rate of return of this investment. Assume a 35% tax rate applies. Contributed by D. P. Loucks, Cornell University
Harry's Pepperoni Pizza Parlor produced 10,000 large pepperoni pizzas last year that sold for $10 each. Based on this information we can conclude that Harry's production of large pepperoni pizzas: Which of the following is an example of a supply shoc..
The price elasticity of demand for imported whiskey is estimated to be 20.20 over a wide interval of prices. The federal government decides to raise
Explain how Task Rotation Strategy allows the teacher to pay attention to the each of the four types of mathematics learner. Which student abilities are involved when students achieve representational fluency in the study of functions.
What is the difference between a firm's shutdown point in the short run and in the long run? Why are firms willing to accept losses in the short run but not in
indicate for each price whether the firm will produce, shut down, or be indifferent between the two in the short run, and whether it will make a profit, suffer a loss, or break even.
Mittuch Corp. is evaluating a project with the following cash flows. The company uses a discount rate of 12 percent and a reinvestment rate of 9 percent.
If a firm with monopoly pricing power in the market faces a demand curve of P = 2,000 – 2Q and seeks to maximize profit, what would be the marginal revenue for the monopolist
You are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost of $25,000 (your wholesale supplier would not let you purchase the skis and bindings separately, nor would it le..
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