Economy in Bulgaria
What is the economy in Bulgaria like?
Expert
Bulgaria was rather hesitant in terms of embracing market reforms. Its economy suffered greatly after the fall of communism with standard of living dropping drastically. In the middle of 1990’s the economy improved and reforms were applied. Economic growth has been stable and steady, ranging from 5% to 7% later in 1990s. Currently its Gross Domestic Product (GDP) per capita is considerably above of most developing countries but still considerably lower than that of Eastern Europe's more developed economies which is not to mention the post-industrial economies of Western Europe. 15% of its GDP is still derived from agriculture, compared to less than 3% in most developed countries. Unemployment remains relatively high at almost 10% and the country receives roughly $475 billion in financial aid yearly. During the early 1990s, the country has overcome with many of the problems that have plagued the economy. Bulgaria remains ahead of most other quasi-developed or developing countries, yet lags behind other former communist nations such as the Hungary, Slovenia and Czech Republic.
The firm's objective within price discrimination is to: (w) make the community better off economically. (x) make several consumers better off economically. (y) increase revenue and profit. (z) minimize average cost. Q : Price ceilings causes shortages of a When price ceilings cause shortages of a good in that case the good tends to be: (1) replaced by substitutes by many consumers. (2) allocated by several non price mechanism. (3) more valuable to consumers than the money prices charged
When price ceilings cause shortages of a good in that case the good tends to be: (1) replaced by substitutes by many consumers. (2) allocated by several non price mechanism. (3) more valuable to consumers than the money prices charged
The American workers tend to be much productive than their counterparts in the South America or Asia in part as they have: (i) Superior natural genetic endowments. (ii) Access to the better sports programming, that promotes the team-work. (iii) More capital to work wi
In the following diagram, the elimination of discrimination is best depicted by: 1) a move from C to E. 2) an inward shift of the production possibilities curve. 3) a move from A to D. 4) a move from E to C. Q : Definition if pure monopsonist Can Can someone please help me in finding out the accurate answer from the following question. The pure monopsonist: (1) Is the sole buyer of a specific good or resource in the given market. (2) Can adjust just quantity and therefore is a price-taker in input market. (3)
Can someone please help me in finding out the accurate answer from the following question. The pure monopsonist: (1) Is the sole buyer of a specific good or resource in the given market. (2) Can adjust just quantity and therefore is a price-taker in input market. (3)
The wholesale price per dozen roses below that such purely competitive rose farm would minimize losses through closing their operation is: (1) $3.00 per dozen roses. (2) $3.83 per dozen roses. (3) $4.00 per dozen roses. (4) $4.30 per
I have a problem in economics on Resolving principal-agent problems. Please help me in the following question. Attempts to resolve the principal-agent problems among stockholders and top corporate managers (that is, CEOs) comprise: (i) Profit-sharing systems for the t
In 1980 year, the chief executive officers that stand for CEOs of main corporations had income which averaged roughly 40 times as much as the workers they working. In 2005, such ratio is less than: (1) twenty to one. (2) forty to one. (3) one hundred
Exit from a competitive industry will carry on till economic: (w) losses are driven to zero. (x) profits precisely offset accounting losses. (y) profit exceeds accounting profit. (z) resources have minimum incomes.
Total cost when such firm maximizes economic profits would be: (w) $72,000 per period. (x) $80,000 per period. (y) $96,000 per period. (z) $100,000 per period. Discover Q & A Leading Solution Library Avail More Than 1417576 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1947957 Asked 3,689 Active Tutors 1417576 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
18,76,764
1947957 Asked
3,689
Active Tutors
1417576
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!