If a drought reduced by 20 percent the quantity of wheat available for consumption, by how much would the price of wheat have to rise to clear the market if the price elasticity of demand was .25?

Provide a concise statement on the relationship between the debt crisis and:

(a) foreign direct investment, (b) trade liberalization, (c) absolute poverty, and (d) investment levels.

Which of the following is not an example of a noncooperative oligopoly model?

A) The kinked demand curve model. B) The model of limit pricing. C) The prisoner's dilemma game. D) The cartel model.