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Question
What are the problems with development planning? What is meant by government failure in the context of economic development, and why might it occur?
Explain and illustrate with diagrams the differences between diminishing marginal returns and decreasing economies of scale and cite causes and examples.
Springfield Massachusetts has long been known as a top vacation spot in the country, due largely to its beautiful weather, the Basketball Hall of Fame
Which of the following is FALSE about intraindustry trade? Economies of scale allow firms to enjoy lower average costs. It creates gains from trade. It is due to comparative advantage. d. It may involve heightened competition and lower prices for con..
In New Yotk, the demand for bottled spring water is given by Q = 121 − 1/2P . There is one known spring in town controlled by the bottler First Spring (FS). In other words, FS is a monopolist in the market for spring water. Suppose that, right befor..
The actual multiplier effect in the U.S. economy is less than the multiplier effect in the text examples because: the real-world MPS is larger than the MPS in the examples.
You are currently using three printing presses and five employees to print 100 sales manuals per hour. If the MRTS at the point is 0.5 (capital is on the vertical axis of the isoquant map) the you would be willing to exchange _______ employees for on..
What do you work at work to make it seem that your productivity is outstanding even though you are on Facebook, LinkedIn, etc?
Are there any indications that the United States Declaration of Independence or Constitution or the 1689 English Bill of Rights influenced the National Assembly? If so, how?
The U.K. Body Shop franchise network consists of three types of stores—franchised, company-owned, and partnership stores. All stores that are distant from headquarters by more than 300 miles are franchised. More than half of the company-owned stores ..
What are the 2 primary mandates of the federal? Does the federal has the authority to purchase private enterprise? yes under what conditions? During 2007 and 2009 did the federal over-step their authority?
In country X land is relatively abundant and labor is relatively scarce. In the short run after trade opens which of the following groups will not gain?
Assume that the supply of low-skilled workers is fairly elastic, but the employers’ demand for such workers is fairly inelastic. If the policy goal is to expand employment for low-skilled workers, What if the policy goal is to raise wages for this gr..
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