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1. "The misery of capitalist exploitation is not half as bad as the misery of not being exploited by capitalism" Discuss the above quote with reference to the interdependence, dependency and mercantilist theorists toward the spread of capitalism in the third world. Keep in mind that the above quote refers, not to the contrast between capitalism and socialism, but rather to that between capitalism and pre-capitalism.
2. Which of the theoretical approaches to international political economy do you find the most powerful in the explanation of the actual operations of the international system. Justify your answers on (1) theoretical grounds, and (2) that theory's ability to accurately portray actual relationships in one specific field, i.e., trade, finance, etc.
3. What is (are) the emerging structure(s) (not necessarily the final results) of increased economic interactions suggested by the interdependence, dependency and mercantilist perspectives? Which structure is most likely to occur in next twenty years and why?
Briefly explain whether you agree with the following statement: "If at the current quantity marginal benefit is greater than marginal cost, there will be a deadweight loss in the market.
Global Investment Group operates in a perfectly competitive industry with the following Cost and Revenue data: What is the loss minimizing output level for the firm?
Information System: Electronic Commerce A Magerial Perspective 2010 by: Efraim Turban and etc. Consumer Behavior, Internet Marketing, and Advertising What would you tell an executive officer of a bank about the critical success factors
Last Friday night, Rich went to a tavern to buy pizza and bottles of beer. He noticed that four pieces of pizza and two bottles of beer cost the same as two pieces of pizza and eight bottles of beer. What is the cost, in bottles of beer, of a slic..
The night before an economic exam, you decide to go to the movies instead of staying home and working your MyEconLab study plan. You get 50 percent on your exam compared with the 70 percent that you normally score.
Using the coeffficients found in the regression estimate, enter a formula based in cells C6 through J6 to forecast the sales revenue when quality control goes from $2million to $9million a year.
A small open economy produces two goods: Manufacturing (m) and Agriculture (a). Production of manufacturing uses capital (K) and labor (L) while production of agriculture uses land (T) and labor (L), i.e. capital is a factor of production specific..
regarding the four attributes of perfect competition (many small firms, freedom of entry, standardized product, and perfect information): a) which is primarily responsible for the fact that the demand curve of a perfectly competitive firm is horiz..
Determine what effect should each of following have upon demand for profitable music players in a competitive market?
Some states are required to balance their budgets. Is this measure stabilizing or destabilizing Suppose all states were committed to a balanced budget philosophy and the economy moved into a recession. What effects would this philosophy have on th..
What is the total fixed cost for the El Dorado Star? If the total fixed cost increases to $5,000, how many papers should be sold daily for profit maximization?
What is the short-run profit-maximizing policy of a monopolistically competitive firm and how is the long-run equilibrium of monopolistic competition like that of perfect competition? also give example.
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