Category: Economics

➤ How can teachers prevent social loafing in student teams?
Set clear individual responsibilities, use smaller teams, and assign graded milestones to increase accountability. Include peer evaluations, public progress checks, and task interdependence so each member must contribute. Offer formative feedback and plan roles aligned with strengths. These practices raise motivation, make efforts visible, and reduce free-riding.

This case discusses the importance of small businesses to China. It also emphasizes the government’s plea to banks to lend to these small firms.
How important are small firms to the Chinese economy? Discuss some of the factual information presented in the case to support your claim.

➤ How does public debt differ from the budget deficit?
A budget deficit is a flow that records a single year’s shortfall between government spending and revenue. Public debt is the accumulated stock of those annual deficits minus any surpluses. Each deficit adds to the debt, while a surplus reduces it, so one measures a period and the other the cumulative total.

It is suggested to give a patient with COPD theophylline for its nonbronchodilating effects. These effects would include?
Ventilator drive stimulation
Reduced bronchial secretions
Enhanced respiratory muscle function
Enhanced cardiac output
All of the above

What are accounting, or “shadow” prices for project appraisal?
In what way do they differ from market prices, and why do we need them?
Additional question or part of question: How can reference to world prices help countries gauge the real opportunity costs of development projects?