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Part 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? What steps do you think countries could potentially take to get them? Justify your answers with examples.
Part 2.
What is the meaning of a "colonial legacy"? Discuss any disadvantages and possible advantages by providing country-specific evidences for both sides of the argument.
Western Coal is considering a modification of its plans for the open-pit mine described in Problem 5.31. Adding a coal-slurry pipeline
Consider the following distribution of income in a 12 person economy, with the modern urban wage=3, the traditional rural income=1 and the informal urban wage = 2: (1,2,3,1,2,3,1,2,31,2,1). the poverty line is at 1.3. What is the level of absolute po..
Zeyton manufacturing company is a food producer operating out of Orange County California. The management team has estimated the following cost function: What is the "minimum efficiency scale" or output for this company?
The price elasticity of demand is -1.25, and the share of the tax borne by consumers is 0.80. What is the price elasticity of supply?
What do you think are the changing aspects of the economics of the following industries:
Short-run Firm Supply. Produce Pride, Inc., supplies sweet corn to canneries located throughout Ohio's corn belt region. Like many grain and commodity markets
In the quantity discount model, with carrying cost stated as a percentage of unit purchase price, in order for the EOQ of the lowest curve to be optimum, it must:
Please help determine probability of any outcome for example., the probability of getting an even number from the die and tails.
Find the future worth in year 10 of a periodic investment that starts at $8300 in year 1, increases to $8988 in year 2, and increases by the same percentage each subsequent year. The interest rate is 4% per year.
What might happen to the value of the U.S. dollar, the U.S. economy, and the trade relationship between the two countries if China was experiencing
Compare also contrast McDonald's strategies in China with those of Wal-Mart in Mexico.
How doeseconomics in your market impact your organization's management of its supply chain?
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