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Why was the Reform Bill of 1832 a political landmark? A It increased the number of male voters by about fifty percent and set a precedent for widening suffrage further B It granted a powerful voice to the numerically superior but materially poorer south and demonstrated the weakness of industry C It gave universal suffrage to all men over the age of twenty-five and to women who held a sufficient amount of property D It granted women the right to initiate divorce on grounds other than abandonment, specifically abuse of themselves or their children.
Explain, using the isoquant-isocost diagram, why a rise in the rental rate of capital coupled with no change in the wage rate will lead to a rise in the price of the capital-intensive good relative to the price of the labor-intensive good.
A national car rental agency asks, “Do you want to bring back the economy-class car full of gas or with an empty tank? If we fill up the tank for you, we’ll charge you $3.50 per gallon, which is 50 cents less than the local price for gasoline.” Which..
On average your client recieves 1%in annual simple interest in the foreign country. Explain to the client how the move would benefit savings.
What trade-offs does the Federal Reserve consider when deciding how rapidly or how slowly to increase the U.S. money supply? What are the dangers of increasing the money supply too slowly? Too rapidly? What factors make it difficult to predict the gr..
Graph the following labor supply curves: The substitution effect dominates the income effect until the wage reaches $200, after which the income effect dominates. The income and substitution effects do not affect the worker’s decision. She wants to w..
Bob’s lawn-mowing service is a profit-maximizing firm operating in a perfectly competitive market. Bob mows lawns for $27 each. His total cost each day is $280, or which $30 is a fixed cost. He mows 10 lawns a day. What are Bob’s decision rules about..
In Pioneer Ville, the price elasticity of demand for bus rides is 0.5, the income elasticity of demand for bus rides is -0.1, and the cross elasticity of demand for bus rides with respect to gasoline (personal consumption) is 0.2. 3. Is the demand fo..
Many companies choose to incorporate in the tiny state of Delaware because __________.
Explain how China was able to maintain an essentially fixed exchange rate between its currency, the yuan, and the dollar from 1995 through 2005. Why would China have wanted to maintain this fixed exchange rate?
The first cash flow of a 25-year series of quarterly cash flows is equal to $35,000. Each cash flow in the series increases by $800. Find the amount of each cash flow in an equal quarterly cash flow series that is equivalent to the increasing cash fl..
Assume the demand function for scooters is given by QD = 20,000 – 10P + 0.2I, where P = price of a scooter, and I = average income of consumers. Also, assume the supply function of scooters is given by QS = 20 P. If the market for scooters is perfect..
All of the following are considered input barriers to entry except:
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