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Question: What do some heterodox theorists mean when they discuss the "development of underdevelopment"? Samir Amin, a scholar of in the Dependency Theory school, argued that unequal exchange was one mechanism of the development of underdevelopment. Using the concepts of capital mobility, commodity mobility, and labor mobility, explain how unequal exchange 'underdevelops' the Global South, according to Amin.
What is the nature of Harrod-Domar model? What is the main implications of the model on saving rate and economic growth? In addition, Solow saw two main problems of the model. What are they? Explain.
In three to four sentences compare and contrast the difference between a planned and unplanned economy.
How do the R&D activity in the US at the level of firms and other government organizations in the economy affect the economic growth
Please answer the following in detail, thoroughly and originally. Please do not copy an explanation from online.
If the market has an expected return of 10 percent, a standard deviation of 20% and the risk-free rate is 4 percent, what proportion of your money should be invested in the market if you want an expected return of 16%?
So explain how popsicles will be sold every day in the short run if the price rises to $2 each? In the long run, if the price rises to $2 each.
Suppose Shaqueena is currently earning income of $23,000 (I =23) and can earn that income next year with certainty.
Describe the various components of fluctuations in economy activity over time. Because economic activity fluctuates, how is long-term growth possible?
Draw his before-tax budget constraint, after-tax budget constraint, and mark his optimal labor-leisure choice on the diagram.
Assume the MPC to be 80% (.8) and based on your information in 1 and 2 above calculate the impact of the change in Government Spending, G, or the change in taxes, T, to determine the maximum possible change in real GDP in the economy. CLEARLY SHOW..
Suppose an individual spends all his income on only two goods, good X and good Y. Moreover, suppose that you were asked to derive his price consumption curve for good Y. Which of the following would be allowed to vary?
You work for a technology firm that offers a very generous employee stock purchase program as a benefit; you can but as much stock as you want and your employer will pay half the price. This means that the stock price would have to fall by 50% bef..
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