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React to the topic by summarizing a significant chapter and/or readings and an application of that chapter material to the subject.
David Ricardo was worried that the corn laws (high taxes on imported grain) would seriously hamper the advancement of manufacturing since it would lessen benefits earned by the industrialists. Clarify deliberately the progressions in his investigation. At that point talk about how his thinking may or won't not have any significant bearing to today's level headed discussions over globalization, obstructions to free trade, profitability, and productivity gains.
Explain how do you think higher demand has affected equilibrium wage. In which direction do you think labour supply and demand shifted.
A business school has found that over the years, out of all the students who are offered admission, the proportions who accept is 0.70. After a new director of admissions is hired, the university wants to check if the proportion of students accepting..
What difference did the Calvinist notion of predestination play such a critical role in the accumulation of capital in countries such as Switzerland, the Netherlands and Great Britain?
Airbus decides whether to enter airplane market. Boeing, who was until now the only airplane manufacturer, observes this decision. If Airbus enters, then both firms decide simultaneously whether to advertise. Otherwise, Boeing alone decides whether t..
World trade has grown substantially in the last 60 years. For example, while world output grew at an annual rate of 3.8% per year between 1950 and 2003, world exports grew at 10.8% per year over the same time period. Which of the following help to ex..
Explain why the demand for the good or service provided by the organization you work for is elastic or inelastic. How does this influence pricing decisions?
Read The Iliad as if you are an archaeologist who has just discovered an ancient text which gives you a window into the ancient world. You hold this fragile treasure in your hands, and begin to read, knowing that you must suspend your modern perspect..
Consider two markets. The initial equilibrium for both markets is the same, P = $6.50, and Q = 41.0. When the price is $6.75, the quantity supplied of motorcycles is 53.0 and the quantity supplied of pancakes is 111.00. Using the midpoint formula, ca..
Depreciable residential rental real property has been purchased for $70,000 and put into service during the third month of the taxpayer's tax year. For the applicable 27.5 year depreciation life. How many months of depreciation should be generated fo..
Draw the production possibility frontiers for the 2 countries. Draw the world relative supply curve for manufactures.
Suppose that there are 100 symmetric firms each with a constant marginal cost 3 and a fixed cost 4. They first decide (simultaneously) whether to enter or not enter a market. A firm that does not enter get payoff 0. Find two subgame perfect equilibri..
The basic idea of Schumpeterian Business Cycles is that new technologies require creative destruction but will yield positive growth. These two opposing forces have impacts onto the real economy at different times, which will create fluctuations arou..
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