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QUESTION: In Federalist 10, James Madison argues there are two ways to deal with "Factions". Dealing with the "causes" of factions OR controlling their "effect". Which way does Madison say is the best for dealing with the "mischiefs of factions"? Why does Madison think it would be a bad idea to "remove the causes" of factions/interest groups? Do you agree with what Madison says is the best approach? If so, why? If not, why not?
Supply-Side Economics) One supply-side measure introduced by the Reagan administration was a cut in income tax rates. Use and aggregate demand/aggregate supply diagram to show what effect was intended. What might happen if such a tax cut also shifted..
Syracuse Paper supplies printer paper in upstate New York. Like output of other wholesale distributors, Syracuse Paper must meet strict guidelines and printer paper supply industry can be regarded as perfectly competitive.
Explain how would the number of workers hired (variable input) change. This is a profit maximizing firm, also explain the profit maximization condition the firm uses.
Compute the expected utility of each project and identify the preferred project according to this criterion.
a contractor submits a bid on a project for which more research and development work needs to be done. it is estimated
Describe the theories of the Human Relations and Scientific Management schools, and explain how each approach could improve an organisation's effectiveness.
Think IS LM BP model of an open economy with sticky price levels in local currency, perfect asset substitutability, perfect capital mobility and static expectations.
The Wall Street Journal reports that the rate on three-year Treasury securities is 5.25 percent and the rate on four-year Treasury securities is 5.50 percent. The one-year interest rate expected in three years
Calculate the average veriable cost, average fixed cost and average total cost at each output level.
Bright Future, Ltd (BF) is a non-profit foundation providing medical treatment to emotionally distressed children. Determine the optimal amount of service provided by BF.
Illustrate what are the limits to long-term economic growth in the US.
When economists with different political views do cost or profit comparisons, they often reach different decisions. If their analysis is based on objective costs and valid techniques, why would not they reach similar decisions,
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