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Q. Describe the crisis in Russia starting from 1989. Explain why?
Answer: Must emphasize lack of tax collection, legal system, corruption, organized crime, inflation, seigniorage financing, and inability to reduction in oil prices, reduce spending, gold prices world's recession and so on. High and indefensible interest rates and continued support from the IMF for fear of collapse of the regime including a possible nuclear threat if Russia decided to sell off its arsenal.
essay should be based on one of the problems mentioned into Haberler (1950) with references to the main assumptions of the general equilibrium analysis
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Q . Is it possible that if positive scale economies characterize an industry, that its equilibrium can be consistent with purely competitive conditions? Explain how this would hap
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