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Problem
1. Refer to What are the main differences between individual lending contracts in microfinance and group lending contracts? What kinds of additional information would you need to have in order to draw sharper comparisons?
2. Give at least two reasons why group lending schemes may be better than individual lending ones, and at least two reasons why they may be worse.
Which of the following is a difference between arbitration and mini trials?
Consumers in Georgia pay twice as much for avocados as they do for peaches. However, avocados and peaches are the same price in California
Workers are compensated by firms with "benefits" in addition to wages and salaries. The most prominent benefit offered by many firms is health insurance. Suppose that in 2000 workers at one steel plant were paid $20 per hour
provide an example of a product you have recently purchased in which the price changed. determine whether the good was
Presume that the economy has the following production function: Y/L = 8*(K/L) 0.5. Further presume that s = 0.2, gL = 0.3, and δ = 0.1. What is the value of the steady state capital-to-labor ratio?
Suppose the prices at a local golf course are as follows: $57.50 to play 18 holes. At this price, 1200 customers pay to play a game of golf each day. A rise in the price to $62.50 causes the number of consumers to decline to 800. Use the Arc Method t..
List three businesses that can exist today, because of the World Wide Web that could not have existed before advent of this technological communication system.
If the demand curve of a monopolist is in the inelastic range thena)Total Revenue will fall if price increasesb)Total Revenue will be unchanged if price increasesc)Total Revenue will rise if price increasesd)Total Supply will increase by an equal amo..
Suppose that the Fed raises the discount rate, causing a decrease in discount loans to the banking system. Assume that the decrease equals $950 in discount loans. Show how this change in discount loans affects the liabilities and assets of the Fed an..
Can you think of ways that government interventions may fail to address consumer concerns about restaurants?
Target and Kmart are engaging into the following one-shot game: if Target advertises and Kmart does not, Target will make $20 million in profits and Kmart will make $6 million. If Kmart advertises and Target does not, Target will make $2 million and ..
Describe how externalities may prevent market equilibrium and the various governments policies used to remedy inefficiencies in markets caused by externalities.
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