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A member of marketing says that means if we raise price 20%, we will see a 2% reduction in sales. Discuss what is right and wrong with this conclusion.
Discuss the various disciplines that contribute to Organisation Behaviour, outlining how these contributions are reflected in an organisation's life circle.
What are the problems faced in determining the demand for a durable good? Illustrate with example of demand for households refrigerator or television set.
What is the longest delay tolerable between the start of exploitation and the start of oil delivery: i.e., how far in advance is it worth proving out reserves?
Does a peace dividend or a reversal to more military spending represent a possible shift of the production. Analyze why and support your analysis with a graph.
Suppose that the government puts a tax of 15 cents a gallon on gasoline and then later decides to put a subsidy. What net tax is this combination equivalent to?
What do you suppose the effect of a tax would be on the number of apartments that would be built in the long run?
The distance between the points (3,1,2,4) and (4,6,5,?) is 200. What can be said about the value of?
Why did more economists not warn the public of the possibility of financial collapse? Should economic theory be revised as a result of this apparent failure?
How does the Great Recession compare to the Great Depression in terms of the causes, severity, and scope of the economic downturn?
What were the immediate causes of the Great Recession? What were the longer-term trends that hinted that a dangerous economic imbalance might be building?
Why is U.S. aid to developing countries so low (as a percentage of GDP) compared to most other industrialized countries?
What do you think is the logic behind Kuznets's theory? Recent research shows that the Kuznets relation no longer holds. Why do you think this is?
There is currently a worldwide campaign to reduce the foreign debt of least-developed countries. Discuss the economic benefits of debt relief for the countries.
Should governments seeking to develop domestic industry protect such industries with tariffs and regulations or should they subject them to foreign competition?
Do you think the maquiladoras are a positive factor in Mexican economic development?
What are the reasons for the poor economic performance of most countries in sub-Saharan Africa?
What do you see as the obstacle in reestablishing the kind of stable exchange rates that used to prevail under the pre-World War I Gold Standard.
Can you explain why a concerted effort on the part of people who buy or sell foreign exchange can threaten the solidity of a whole nation's economy?
Could you notice the presence of growing globalization, even if you had never heard the word, from what you see in ads or in shops?
How does a fixed exchange rate-say five U.S. dollars for one British pound-remove the risk in international trading that exists when exchange rate fluctuates.
What obstacles do you think these countries face and what do you imagine their future will be?
Why do you think capitalism has not been a great success in the formerly communist countries of Eastern Europe?
Why do you think the ideas of Marxism were mostly not realized in the actual experiences of socialist countries?
Was the decline of socialism in Eastern Europe the result of purely economic factors? What role was played by politics and culture?