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1. What is global economic system is best for the Philippine state in it's normal situation?
2. Why? support your answer by citing the applied principle of the economic system. Explain briefly your answer.
3. Identify 5 global corporation located in the Philippines and their kinds of product and services.
If a country's Central Bank purchases assets (e.g., bonds from banks), the economic result is:
Consider the development of the trade routes of Afro-Eurasia (Indian Ocean, Silk Road etc). Then consider the development of the Atlantic System and other emerging global systems. What were the changes in systems of thought, economics and technologie..
a) Discuss the necessity for a SME (Small and Medium Enterprise) to explore global business opportunity.
Suppose you are given the following Total Product Function: Q=100 K^3/2 L^4/2 M^4/7 ,where Q is total output or units produces; K, capital; L, labor and M, materials.; that is, this is a input factor production function. Take the log of the above fun..
Compared with perfect competition, quantity produced in monopolistic competition is inefficient as price is higher than marginal cost (i.e. allocative inefficiency). Why do some economists argue that even if price is higher than marginal cost, it doe..
Based on marginal revenue/marginal cost analysis, describe how output and price are determined in monopolistically competitive markets. You should discuss what firms try to maximize (or minimize), what rule they need to follow to do this, and how thi..
Derive an expression for average cost. Derive an expression for marginal costs. Is there any range of production characterized by scale of economies? At what production level are scale economies exhausted?
Illustrate graphically and explain in words how the marginal rate of technical substitution falls as you move down an isoquant curve. Look at the figure Price Controls. A price ceiling has been imposed at point d. Identify the areas that correspond t..
Which of the below transaction(s) are included in the GDP calculations for the Year of 2012?
Discuss how the Biblical STEWARDSHIP principle (God is owner of all.) impacts business decisions and puts additional constraints on business behavior for the Christian. Because all property is ultimately God’s and profits are due to God’s grace, shou..
Which of the following primarily explains why developing nations are characterized by lower percentage of cross-border mergers and acquisitions compared to developed nations? Presence of import quotas in developing nations Fewer target firms to acqui..
The Fund and the World Bank tend to assume that endogenous, policy-related errors lie at the base of a nation's difficulties.
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