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1) Why are values important in development economics?
2) If we say that the economy of the Central African Republic is subsistence economy, what would that mean?
3) According to The New Economic View of Development, why economic development is different from economic growth?
4) Explain the meaning of the Purchasing Power Parity exchange rate.
5) Why do we use PPP to compare incomes per capita.
Assume that the following data characterize the hypothetical economy of Trance: money supply = $190 billion; quantity of money demanded for transactions = $160 billion; quantity of money demanded as an asset = $10 billion at 12 percent interest, incr..
Briefly discuss China’s journey on its economic achievement from pre-independent until today.
Three basic facts about men and women in the labor market are these: 1. As a group, women now get just as much schooling as men do (actually, a little more). 2. Upon graduating from college, women receive salary offers that are the same as men’s offe..
One of the three ADM executives was actually an informant who tipped off the Feds about this conspiracy. Which executive was he. Why did he rat out his co-workers.
The adoption of wireless technologies varies from one industry to another, and is often based on the benefits provided versus the challenges, implementation issues, and security issues associated with wireless technologies. Consider the wireless c..
It’s that season again! You have engaged in a market study to categorize your patients’ willingness to pay for their flu shot into 8 equal sized groups: $40, $35, $30, $25, $20, $15, $10, $5). All of your costs are fixed except labor and materials, w..
A monopolist produces widgets at AC = MC =10. There are two types of consumers, type A's demand is given by QA = 60 - P and type B demand is given by QB = 45 - 0.5P.
Consider the Classical model. Which of the following situations/shocks would generate higher real wages and less labor?
The Pukie-Duke Company asked you to determine some of the after-tax cash flows for equipment used for research and development that is being considered. Pukie-Duke has found a company that will make them a $200,000 loan for the equipment at 10% and 4..
Assuming that there are no direct expenditure offsets to fiscal policy, how much should the government increase taxes?
Adam Smith discussed how nations could benefit from trade, known as absolute advantage. What was David Ricardo’s improvement on Smith’s theory? How does it differ?
a profit - maximizing industry in a competitive market is currently producing 100 units of output. Illustrate what is average variable cost.
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