Contrast the crisis in Poland and Russia. Explain why the Polish economy has done better?
What will be an ideal response?
By the end of the 1990s, a handful of East European economies including Poland, Hungary, and the Czech Republic had made successful transitions to the entrepreneur order. Not surprisingly each of these countries was geographically close to the European Union (EU) and had a recent tradition, of industrial capitalism, including a body of contract and property law. In regards to Russia, by 1990 the Russia's government was unable to collect taxes or even to enforce basic laws; the country was riddled with corruption and organized crime. That is why the measured output got smaller progressively and the inflation was hard to control, so at the end of the 1990s most Russians were substantially worse off than under the old Soviet regime. As we can see, Poland's economy started producing more money to growth and decrease inflation because they were having business with potential firms.
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Which employer is discriminating based on personal preferences?
a. Jorge, who tries to interview candidates from a variety of backgrounds b. Ryder, who interviews only whites because her last two white hires were very productive c. François, who does not interview women because he does not want to be around them d. Bessie, who does not interview women because the last two she hired were unproductive
Let demand be given by P = 20 - 3Q and supply by P = 5 + 2Q. Equilibrium quantity will be:
A. 10 B. 3 C. 5 D. 11
In factor, or input, markets
A. firms demand resources. B. consumers purchase products. C. firms supply goods. D. households demand goods.
If planned investment decreases as the interest rate increases, the absolute value of the tax multiplier will be
A) the same as the absolute value of the tax multiplier that would result if planned investment were independent of the interest rate. B) larger than the absolute value of the tax multiplier that would result if planned investment were independent of the interest rate. C) smaller than the absolute value of the tax multiplier that would result if planned investment were independent of the interest rate. D) zero.