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Contrast the economic and social roles of people who labor under slavery, feudalism and capitalism and explain how ideology legitimated those roles.
In the Bismarck model,
Vending machines are a popular form of non-store retailing. Why? What types of products have been successfully introduced in such machines in the past ten years or so? And why? Which ones have failed and why?
q.the inverse market demand for mineral water is p200-10q where q is the total market output and p stands for price of
One of your friends uses the terms ethics and morality interchangeably. You do not think this is correct. How would you explain the difference between ethics and morality? Provide an example of morality and one of ethics in your explanation.
Discuss the differences between accounting profit and economic profit. What does it mean when a company makes zero accounting profit? How about zero economic profit?
Illustrate why are second hand goods not included in the value of national income.
Suppose a society decided to reduce consumption and increase investment. How exactly would this change affect long term economic growth?
Budweiser, Miller and Coors, who together produce 80% of all beer consumed in the US, each spend well over $500 million a year on television advertising campaigns, promoting their beer brands. Do you think these firms would welcome congressional legi..
The government wants to make medicare benefits available to more people, but to achieve this goal, it needs to make cuts in the existing medicare budget. The two areas where they are considering cuts are non-essential elective surgery and 6-12 month ..
What was the result of the merger and merged firm on the petroleum industry? Did the price of gas go up or down? What role did the Federal Trade Commission (FTC) and Department of Justice (DoJ) play in this merger? What did the FTC and DoJ require to..
Suppose a monopolistic competitor in long-run equilibrium has a constant marginal cost of $6 and faces the demand curve given in the following table: What will be the monopolistic competitor’s average fixed cost at the output it chooses? Why is the l..
Identify a problem in society, your own life, in the life of someone you know, or in the life of someone you have read about. Analyze aspects of the problem and present a solution to this problem from your own perspective. Use the concepts from the c..
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