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Historians have debated whether or not a “Market Revolution” took place in the United States during the first half of the nineteenth century. Was the Market Revolution simply a “transportation and communication revolution,” or is there evidence that it was part of a broader process of economic and social change? Describe at least one major development or phenomenon associated with the Market Revolution (it could be an invention or innovation, political development, or evidence of social and economic change) to make your case. Lastly, how did the changes associated with the Market Revolution affect the lives of groups like urban workers, farmers, immigrants, women, and enslaved people? (Choose one group and explain fully)
A normal good is being produced in a constant-cost, perfectly competitive industry. Initially, each firm is in long-run equilibrium. Briefly explain the short-run adjustments for the market and the firm to a decrease in consumer incomes. What happens..
In less developed countries, what does the brain drain refer to?
The work by Milton Friedman altered the consensus that had developed in the aftermath of the Great Depression on how the economy should be managed. As a result, the current goal of economic policymakers is to: reduce the magnitude of both downturns a..
Assume that the marker for tradable emissions permits by power plants has been operating efficiently for several years. An engineering firm then invents a lower cost device for pollution abatement. What happens to the equilibrium market price of a tr..
Corruption, the Merriam Webster dictionary (n.d.) defines corruption as the "impairment of integrity, virtue, or moral principle, or inducement to wrong by improper or unlawful means (as bribery). Many argue that corruption is a major problem in busi..
Please identify and discuss advantages and disadvantages of structuring a business as a partnership versus a corporation. How have state LLC laws changed the effectiveness of a partnership from both a legal and taxation point of view?
Design an alternative author-compensation scheme under which the author and the publisher would pick the same price.
Leadership is important in shaping the culture of an organisation. With regard to this, compare and contrast leadership styles.
Use the following data table to determine the equilibrium real interest rate after certain factors change: Month Real Interest Rate (%) Loan able Funds (trillions of $) Exogenous Change Equilibria (increases, decreases, or no change)
A country has a fixed exchange rate and pursues and expansionary monetary policy. Explain, in word, any symbols what will happen. How is external balance affected? Is monetary policy effective?
Which of the following is the best definition of the short run?
Assume for this project that purchasing a new home is a major decision requiring a substantial financial outlay where the wrong decision has long-term financial consequences.
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