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Question: Things they don't tell you about Capitalism by HA-JOON CHANG Chapter 1
1. To what extent do you agree or disagree with the statement "Economics is the study of rational human choice"?
2. Is economics the study about money?
3. Define economics as the study of the economy.
Suppose at current factor prices a country’s manufactures use 60 hours of labor for each acre of land and food is produced using only fifteen hours of labor per acre of land. If the economy’s total resources are 1800 hours of labor and 180 acres of l..
Explain the effects of the EITC on labor supply at different sections of the budget constraint, being sure to carefully discuss the influence of both the income
What are the political challenges inherent in implementing Fiscal Policy?
1. Relative to free trade, a tariff on imports of wine into the United States would result in
Using supply and demand analysis, show graphically and explain verbally 3 factors that may have led to rising health care costs in the United States from 1960 to the present day.
Table 1 shows the production possibilities frontier of a small Pacific island economy. Use this table to work on these exercises.
What are the two kinds of stock corporations issue to finance their assets? List the main characteristics of each. (Common stock valuation, constant growth) You’ve discovered a company that is expected to pay $2.25 dividend at the end of this year. W..
Briefly describe the difference between the mechanism of an oral or English auction and a Vickrey or second price auction. Is there any difference between the winning bidders in the two auctions, and the winning payments made in the two auctions?
Describe the company and define the executives' personalities and justify your approach. It is important that you do some research on the best way to approach
A firm faces a demand where q = 256/p^2 . q is quantity demanded, P is price. Its P2 total cost function is TC = 0.5q^2 + 10 . What is its total revenue function in q? What is its profit function? What is its marginal revenue function? What is its ma..
A new business requires a $20,000 investment today, and will generate a one-time cash flow of $25,000 after one year.
Read the following article, which appeared in the Sydney Morning Herald on September 10, 2011, and answer the following questions.
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