External link to Turkish market

Turkish market

The most important risk associated with such an operation, most notably with the exchange and repatriation of funds from Turkey to the US, is the currency exchange risk.  What exactly does this type of risk refer to?  In the cases of international commercial operations, most notably in direct implementations in other countries, the operator needs to consider two or more different currencies with which the […]

External link to Economics Semester

Economics Semester

Question 1 (8 marks) Using supply-and-demand diagrams, show and explain the effect of the following events on the market for woolen Jumpers. An outbreak of foot-and-mouth’ disease hits farms in Australia. (2 marks) Supply curve shifts left Whenever there is an outbreak of foot-and-mouth’ disease in Australian farms, the result is an increase to the input prices for producing woolen Jumpers. As a consequence, the […]

External link to The effectiveness of markets

The effectiveness of markets

Discuss the effectiveness of markets at allocating resources and the role of incentives in guiding behavior. What do you think of the specific examples or illustrations that were used to demonstrate the role of markets and incentives? Are they appropriate and generalizable? A market, in basic terms, is the place of purchase and sale, that encourages or creates an environment where the two opposing parties […]

External link to Basic economics

Basic economics

An example of a supply & demand graph (a)People decide to have more children. This indicates there is an increase in the number of buyers, therefore increase in its emend. (b)A strike by steelworkers raises steel price Steel prices increases due to workers’ strike, the cost of input increase, so the supply decreases (c)Engineers develop new automated machinery for the production of minivans Advances in […]

External link to Economics and Firms

Economics and Firms

Micro Economic Essays These are some suggested micro economic essays. The essays are from different exam boards. In practise they ask similar questions so they will be helpful whatever your exam board. There are different ways to answer questions. But, all these answers contain enough material to get the top grade. Whenever the question requires evaluation, the essay contains the necessary critical distance. On the […]

External link to Development Economics Final Exam answers

Development Economics Final Exam answers

Thus follows a theory of production from the middle age, wherein production is understood as an increase of matter, which is only achievable through agriculture and the delivery of raw materials. Land as a homogeneous factor is rooted on the following concepts: Land as having a perfectly elastic supply thus land is always readily available and does not decrease Land is not productive on Its […]

External link to Difference between New Institutional Economics

Difference between New Institutional Economics

The Neoclassical economics is characterized by several assumptions common to many schools of economic thought. There is not a complete agreement on what is meant by neoclassical economics, and the result is a wide range of neoclassical approaches to various problem areas and domains ranging from neoclassical theories of labor to neoclassical theories of demographic changes. Neoclassical economics rests on three assumptions, although certain branches […]

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