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Dependency theory characterizes countries as being either in the center or on the periphery. describe these two concepts. If this theory is correct, what are the implications for development strategy?
Microeconomics, Economics
Question: In addition to economic benefits, regional economic integration produces political benefits. By fostering close economic ties between nations, regional economic integration helps foster peace, as illustrated by ...
Question: Assume the demand function for good X can be written as: QX = 30 - 3PX + 2PY + 0.2I Where PX is the price of good X PY is the price of good Y I is the consumer income. a) Based on the demand curve above, is X a ...
Question: A manufacturer of laptop computers operates a plant with an annual capacity of 6,630,000 laptop units. One of his models is expected to sell 390,000 units in the coming year. How large should each product lot b ...
Question: What is the Peter Principle? Why does it occur and what are some of the consequences? What are some ways to avoid these undesirable outcomes (hint, in class we had three methods to resolve problems internal to ...
Question: The argument for free trade has been a main theme of international trade economic theories for centuries. Donald Trump believes that a tariff of approx. 30-40% should be placed on products coming into America f ...
Quesiton: In Germany it takes three workers to make one television and four workers to make one video camera. In Poland it takes six workers to make one television and 12 workers to make one video camera. a. Who has the ...
Question: Consider the Heckscher-Ohlin model from the slides in the case of no factor substitution. The production technology of food and cloth are: QF = min [LF/3 , KF] QC = min [KC/3 , LC]. The home country has 100 uni ...
Question: It costs a company $35,000 to produce 700 graphing calculators. The company's cost will be $35,070 if it produces an additional graphing calculator. The company is currently producing 700 graphing calculators. ...
Question: A clothing manufacturer employs casual sales staff on an as-needed basis at the legal minimum hourly wage. At the same time, the owner of the outlet enters into a fixed-term contract with a department store to ...
Question: Consider an economy described by the following: • autonomous consumption=C (bar) = 2.25 trillion • autonomous investments=I (bar) = 1.3 trillion • government purchases=G = 3.6 trillion • taxes=T = 3 trillion • ...
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