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Google Books has a new feature that allows users to search for the historical use of specific words within the publications that have been digitalized. In the picture below I plot the employment of the terms Economics and Political Economy since the 18th century. Note how Economics begins to grow significantly after the 1870s.Explain the difference between Economics and Political Economy. In your answer you should employ Thomas Khun's notion of scientific paradigms and you should also identify what relevant scientific event took place during the 1870s in Europe.
Why does a larger government budget deficit increase the magnitude of the crowding-out effect and how does the multiplier work and what might government use it for?
Which nation has the absolute advantage in the production of tanks. Why is it this country.
Assume you are a financial advisor to an investor whose portfolio consists of 400 shares of Delta Cruise Inc. stock and 10 put options on the same stock.
Get price level stability under these conditions the government should:
Explain two effects of an adverse technological shock on the labor market and on the output market - explain two effects of an adverse technological shock on the labor market and on the output market.
Assume the the equipment can be sold for its $12,000 salvage value at the end of the 8 years. Also assume a 46% income tax rate for state and federal taxes combined.
What is the maximum per unit that sellers are willing to pay intermediaries if hiring them saves $8 transaction costs?
Explain why do you think that whenever the government needs to raise their revenue they usually decide to increase the tax on items such as gas
If you think that your company's performance is not sensitive to general economic business cycles, then describe why it is stable as the economy moves up and down.
Critically discuss the strengths and weaknesses of using per capita national income (even once adjusted for purchasing power parity) as a measure of welfare. Discuss at least two alternative measures of national welfare that have been put forward? ..
Describe the major difference between the law of demand and the law of supply. Consider the supply and demand schedules below.
Describe economic terms and concepts and describe your reasoning leading from concepts in question to the final answer.
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