The United States populates over 325 million people. Of these 325 million‚ 13.5 percent of them are under the poverty threshold‚ which is about 42.3 million people. These people are lacking of basic requirements for living such as money‚ clothes‚ a home‚ food‚ and even education. Without their basic requirements for living it makes it harder for them to get out of their current situation. Even though the government have tried to step in and solve this problem‚ the government programs that are set
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Introduction 1. Capital account convertibility for the renminbi is an important subject matter in the further development of the international monetary system‚ which has not been functioning in a manner conducive to achieving global financial stability. The currency of an economy that is likely‚ within twenty years‚ to become the largest in the world has a role to play in the international monetary system‚ both as a medium of exchange or as a store of wealth. The road to capital account convertibility
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a theory of the direct–indirect tax mix. Journal of Public Economics 55‚ 71–78. Bond‚ E.‚ Chen‚ T.J.‚ 1987. The welfare effects of illegal immigration. Journal of International Economics 23 (3–4)‚ 315–328. Brito‚ D.L.‚ Hamilton‚ J.‚ Slutsky‚ S.‚ Stiglitz‚ J.E.‚ 1995. Randomization in optimal income tax schedules. Journal of Public Economics 56‚ 189–224. Chang‚ F.‚ 1986. Randomization of commodity taxes: an expenditure minimization approach. Journal of Public Economics 31‚ 329–346. Cremer‚ H.‚ Gahvari
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1. What was the main attraction for you to study Economics at University? A prestigious university which is very established in the world of economics and in terms of the experience the economics faculty is rich in knowledge. Idea of supervisions interests me as it gives me a chance to discuss economics and learn new ideas from professors who are at the forefront of economics. Allows me to criticize my views and always adapt them to what I believe is right. Famous economist have ome from Cambridge
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(1997) Financial Development and Economic Growth: Views and Agenda. Journal of Economic Literature‚ Vol. 35‚ pp. 688- 727. Manove‚ M.‚ and J. Padilla (1999) Banking (Conservatively) with Optimists. Rand Journal of Economics‚ Vol. 30‚ pp. 324-350. Stiglitz‚ J.‚ and A. Weiss (1981). Credit Rationing with Imperfect Information. American Economic Review‚ Vol. 71‚ pp. 393-410. Williamson‚ S. (1987) Costly Monitoring‚ Loan Contracts‚ and Equilibrium Credit Rationing. Quarterly Journal of Economics‚ Vol
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ECON 0402 Industrial organization Intellectual Property Rights Few hundred years ago‚ in the British Statue of Anne and the Statue of Monopolies‚ a new concept‚ called Intellectual property‚ was born. Intellectual property (IP) is a legal concept‚ recognizing the exclusive rights to the creations of the mind. Under intellectual property law‚ owners of intangible assets‚ such as musical‚ literary‚ artistic works‚ discoveries‚ inventions‚ and even words‚ phrases‚ symbols and designs‚
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1. Introduction A significant part of economic theory focuses on the assumption of a representative consumer buying a homogeneous good. For example‚ think of the standard Bertrand and Cournot models of oligopoly. Consumers only care about the prices in the market and decide how much of a good to buy and from which firm in order to maximize their utility (given a budget constraint). We know that price competition is fiercer than quantity competition and this result is described by the so called
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Unjust distribution of wealth within a societal framework has been shown numerous times to cause wide scale inequality between the wealthy and the middle and lower class. While some argue capitalism causes these issues inherently‚ others argue that this is the outcome of system‚ which is ripe for abuse in the attempt to cheat the system for unfair gain. Abuse such as this was brought to a boiling point in events such as the 2008 financial crash‚ mainly due to actions such as exchanging wealth within
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org/commentary/commentary408.php Goodman‚ Michael K. "Reading fair trade: political ecological imaginary and the moral economy of fair trade foods." Political Geography 23.7 (Sep. 2004): 891-915. Goldsmith‚ James. “The Trap” Carroll & Graf‚ New York 1994. Stiglitz‚ Joseph E. "Fair Trade." National Interest May 2008: "Fair enough." Economist 378.8471 (Apr. 2006): 33-33. http://www.soyatech.com/peanut_facts.htm http://www.fairtrade.org.uk/press_office/press_releases_and_statements/september_2008/commercial_conference_16_september_2008
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Efficient Market Hypothesis When establishing financial prices‚ the market is usually deemed to be well-versed and clever. In a stock market‚ stocks are based on the information given and should be priced at the accurate level. In the past‚ this was supposed to be guaranteed by the accessibility of sufficient information from investors. However‚ as new information is given the prices would shift. “Free markets‚ so the hypothesis goes‚ could only be inefficient if investors ignored price sensitive
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