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Review Questions:
1. What are some of the ways in which capital exercises influence over the State?
2. Using a historical instance as an example, explain how the State helped to create the conditions for capitalist competition.
3. How does the welfare state help stabilise the capitalist system?
4. How did the rise of labor unions change the working conditions of labor?
5. What were the broad differences in the balance of power between capital and labor in the US and Canada in the 1930s and in the 1980s?
A firm uses labor and capital to produce output according to the production function q= 100KL, where L is the number of units of labor used and K is the number of machines. Suppose the price of capital is $120 per day and the price of labor $30 per d..
Explain why monopolistic competitors earn only a normal profit in the long run. Provide an industry example to illustrate your explanation.
Discuss, in detail the importance of effective interaction and liaison between the client and the contractor, in project management.
Show a graph of the supply and demand for reserves where the equilibrium federal funds rate is below the discount rate. What would the Fed do to lower the equilibrium federal funds rate? Explain and show on the graph.
1. Select three (3) uncontrollable forces (Sociocultural must be one of them) and discuss their impact on international business
Review what you know about business cycles, GDP, unemployment, CPI, monetary policy, and fiscal policy and respond to the following:
Tony loves philosophy books and candy bars. When comparing two bundles Tony always chooses the bundle with more philosophy books regardless of the number of candy bars. However, when two bundles have equal philosophy books he chooses the one with mor..
The Big Pivot’s core argument is that three trends will drive business challenges and success: a hotter, scarcer, more open world. Do you agree with these core ideas of the book? Do these concepts from the book align with the reality of today? What i..
The total fixed costs for manufacturing a product each month is $8,000. The variable cost per unit consists of direct labor, material and overhead. The labor will be based on the 25th unit and an 85% learning curve is expected to apply to the number ..
Illustrate what is relative PPP. Compute the current pound spot rate in dollar which would have been forecast by PPP.
How much is it worth to the firm to be able to extend the product's life by 3 years, at a cost of $50,000, at the end of the product's initial useful life?
The local city council passes a law that establishes a maximum rent for apartments in your city. Which of the following is likely to happen?
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